Tobias Corporation has 40,000 shares of $10 par value common stock outstanding. Prepare journal entries with explanations for the following transactions. (Market value of the stock was $15 on December 16 and $15.50 on December 12) December 16 Declared a 15 percent stock dividend 23 Distributed the stock dividends. 30 Declared a 2-for-1 stock split. 31 Declared a .50 per share dividends