these are two different questions

1 01: Fly Ltd.'s common shares currently trade at $40 per share (100,000 shares outstanding which were originally sold for $25 apiece). On January 18th, the corporation declares a 5% share dividend (distributable on February 28th). Make the Jan 18th and Feb 28th Journal entries. Assuming Fly Ltd. had a retained earnings balance of $365.000 prior to the share dividend declaration and no preferred shares, prepare the equity section on its March 1st balance sheet. Q2: Last year, Spider Corp. earned $513.000. Over the course of the year, its outstanding shares varied in number (including a 20% share dividend on July 15t), as shown in the table below. Assuming Spider Corp. has 8,000 preferred shares outstanding with a $20 dividend preference, calculate its Earnings Per Share. Time period Outstanding shares Jan - Feb 2.000 Mar-Jun 2,500 JUL - Oct 3,000 Nov Dec 2,700 Assuming Spider Corp. paid annual dividends of $24.80 per common share, calculate its dividend payout ratio