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Butler Inc. has 60,000 shares of common stock, $1 par outstanding. On September 30, 2021, Butler declares a stock split when the fair value of its common stock is $30 per share. Distribution of the dividend will be on October 15, 2021. Required a.Prepare the journal entry for the declaration of the stock split on September 30, 2021. Indicate if a journal entry is not required. b. Prepare the journal entry for the distribution of the stock split on October 15, 2021. Indicate if a journal entry is not required. c. What is the total par value of common stock before and after the stock split? d. What is the par value per share before and after the stock split? e. What are the total number of shares before and after the stock split? 3. (10 points) Butler Inc. has 60,000 shares of common stock, $1 par outstanding. On September 30, 2021, Butler declares a stock split when the fair value of its common stock is $30 per share. Distribution of the dividend will be on October 15, 2021. Required a. Prepare the journal entry for the declaration of the stock split on September 30, 2021. Indicate if a journal entry is not required. b. Prepare the journal entry for the distribution of the stock split on October 15, 2021. Indicate if a journal entry is not required c.What is the total par value of common stock before and after the stock split? d. What is the par value per share before and after the stock split? e.What are the total number of shares before and after the stock split