The common stock of is currently selling at $114 per share. The directors wish to reduce the share price and increase share volume prior to a new issue. The per share par value is $10; book value is $71 per share. 9.60 million shares are issued and outstanding. Prepare the necessary journal entries assuming the following. (a) The board votes a 2-for-1 stock split. The board votes a 100% stock dividend. (b) Debit Credit No. Account Titles and Explanation (a) (b) (To record the declaration) (To record the distribution)