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Just prior to the end of the fiscal year, Biofuel Corporation reported the following information: Common stock ($0.20 par value) $ 61,000 Additional paid-in capital 1,910,000 Retained earnings 810,000 Treasury stock 0 Cash flows from financing activities 19,500 Required: Complete the table below for each of the three following independent cases: Note: Round "Par per share" answers to 2 decimal places.

In journal entry form

Case 1: The board of directors declared a cash dividend of $0.01 per share.

Case 2: The board of directors declared and issued a 100 percent stock dividend when the stock was selling at $12 per share.

Case 3: The board of directors announced a 2-for-1 stock split. The market price prior to the split was $11 per share.

Just prior to the end of the fiscal year, Biofuel Corporation reported the following information: Required: Complete the table below for each of the three following independent cases: Vote: Round "Par per share" answers to 2 decimal places. Case 1: The board of directors declared a cash dividend of $0.01 per share. Case 2: The board of directors declared and issued a 100 percent stock dividend when the stock was selling at $12 per share. Case 3: The board of directors announced a 2 -for-1 stock split. The market price prior to the split was $11 per share

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