Cornerstone Exercise 10-34 (Algorithmic) Stock Dividend Bower Corporation reported the following information common stock, Si par: 100,000 shares authorized; 51,000 shares issued and outstanding Required: 1. What is the appropriate journal entry to record a 10% stock dividend if the market price of the common stock is $30 per share when the dividend is declared? 59 (Record small stock dividend) 2. What is the appropriate journal entry to record a 30% stock dividend if the market price of the common stock is $30 per share when the dividend is declared? Record large stock dividend) 3. How do these transactions affect Bower's total stockholders' equity? Total stockholders' equity is by these transactions ncreased Check My Work 3 more Check in decreased unaffected Previous Next