The shareholders' equity of Raven Company is as shown: Raven is considering the declaration and issuance of a stock dividend at a time when the market price is $25 per share. Required: 1. Assuming the board of directors recommends a 6% stock dividend, prepare: a. the joumal entry at the dase of declarasion b. The journal enty at the date of issuance c. sharenolders equivater the issuance 2. Assuming, instead, that a 40% stock dividend is tecommended, answer a, b, and cor fequirement 1 Prepare the appropriase joumal entres for the declaration on December 1 and payment or distribution of the dividend on December 15 , assuming the board of directors recommends a 6% stock dividend. Geveral Joumat trsutuctions All tronsactions on this page must be entered (except for post ref(s)) before you will receive Check My Work feedback. Prepare the aporopriav joumal enties for the declaravon on December 1 and payment or distibuton of the dividend on December 25 , assuming the board of directors recomprends a 40 is steck dividend. Question not attempted. Prepare mie shareholders' equiry section of Raven's Dalance sheet at December 31 , assuming the Doard of directors recommends a 6% stock dividend. Prepare the shareholders' equity section of Raven's balance sheet at December 31, assuming the board of directors recormmends a 40\% stock dividend