FISM 10.58 hode cowwed now bood .Of eula (20ntoq d) nodulo2 (C) June 15 With 550,000 common shares outstanding, declared and distributed a 2 for 1...

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FISM10.58hodecowwed nowbood .Ofeula(20ntoq d)nodulo2(C) June 15 With 550,000 common shares outstanding, declared and distributed a 2 for 1 share(A) May 1 Declared a 10% share dividend on 500,000 shares of common shares outstanding.2. (8%) REQUIRED: For each of the following situations present any necessary journal entry(s):(B) June 10 Distributed the share dividend that was declared May 1Market price per share on this date was $15.split.OU WSLOU T