View Policies Current Attempt in Progress On December 1.2020, Cheyenne Corp's stockholders' equity section is as follows: Common stock, $1 par value $170,000 Paid-in capital in excess of par value-Common Stock 500,000 Retained earnings Total stockholders' equity 290,000 $810,000 Cheyenne's board of directors is deliberating declaring either (a) a 100% stock dividend or (b) a 2-for-1 stock split, Prepare the journal entries that would be required for each option. Assume that the fair value of the stock on the declaration date is $8 per share. (If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Credit account titles are automatically Indented when the amount is entered. Do not indent manually.) Date Account Titles and Explanation (a) Declaration date Debit Credit By Distribution date: Arrempts 0 of 1 used Submit A