The records of Dixie Corporation showed the following balances on November $1,2020.$Common stock, $$10$ par, $54,000$ shares outstanding $$540,000$Paid$-$in capital in excess of par$183,600$Retained earnings$360,000$The fair value of its stock is $$18$ per share.Accounting for Stock DividendsAccounting for Stock SplitsPrepare journal entries for the following three separate scenarios.a$.$ The company declares $($November $1,2020)$ and issues $($November $20,2020)$ a $10\%$ stock dividend.b$.$ The company declares $($November $1,2020)$ and issues $($November $20,2020)$ a $10\%$ stock dividend. Of the $5,400$ stock dividend shares, $5,040$ shares are whole shares and $360$ shares are fractional shares. It is the company's policy to pay out fractional shares in cash.c$.$ The company declares $($November $1,2020)$ and issues $($November $20,2020)$ a stock split effected in the form of a $100\%$ stock dividend.