The shareholders' equity of Raven Company is as shown: RAVEN COMPANY Partial Balance Sheet 1 Common stock, $10 par $250,000.00 2 Additional paid-in capital on common stock 150,000.00 3 Retained earnings 200,000.00 4 $600,000.00 Raven is considering the declaration and issuance of a stock dividend at a time when the market price is $30 per share. Required: 1. Assuming the board of directors recommends a 6% stock dividend, prepare: a. the journal entry at the date of declaration b. the journal entry at the date of issuance c. shareholders' equity after the issuance 2. Assuming, instead, that a 40% stock dividend is recommended, answer a, b, and c of Requirement 1. Prepare the shareholders' equity section of Raven's balance sheet at December 31, assuming the board of directors recommends a 6% stock dividend. RAVEN COMPANY Score: 4/19 Partial Balance Sheet December 31, 2019 1 Common stock $265,000.00 2 Additional paid-in capital on common stock 180,000.00 3 Additional paid-in capital from stock dividend 155,000.00 4 Retained earnings 600,000.00