The stockholders' equity accounts of Sandhill Company have the following balances on December $31,2020.$

Shares of Sandhill Company stock are currently selling on the Midwest Stock Exchange at $$38.$

Prepare the appropriate journal entries for each of the following cases. $($Credit account titles are automatically indented when amount is

entered. Do not indent manually. If no entry is required, select $"$No Entry" for the account titles and enter O for the amounts.$)$

$($a$)$ A stock dividend of $7\%$ is $(1)$ declared and $(2)$ issued.

$($b$)$ A stock dividend of $100\%$ is $(1)$ declared and $(2)$ issued.

$($c$)$ A $2-$for$-1$ stock split is $(1)$ declared and $(2)$ issued.

No$.$ Account Titles and Explanation

Debit

Credit

$($a$)(1)$

$($a$)(2)$

$($b$)(1)$

$($b$)(2)$

$($c$)(1)$

$($c$)(2)$

Here are the labels:

Buildings

Cash

Common Stock

Common Stock Dividend Distributable

Debt Investments

Dividends Payable

Discount on Bonds Payable

Equipment

Equity Investments

Income Summary

Land

Legal Fees Expense

No Entry

Organization Expense

Paid$-$in Capital from Treasury Stock

Paid$-$in Capital in Excess of Par $-$ Common Stock

Paid$-$in Capital in Excess of Par $-$ Preferred Stock

Paid$-$in Capital in Excess of Stated Value $-$ Common Stock

Preferred Stock

Property Dividends Payable

Retained Earnings

Retained Earnings Appropriated for Plant Expansion

Share Capital$-$Ordinary

Share Capital$-$Preference

Share Premium$-$Conversion Equity

Share Premium$-$Ordinary

Share Premium$-$Preference

Treasury Stock

Unamortized Bond Issue Costs

Unrealized Holding Gain or Loss $-$ Income