The following is information taken from the shareholders' equity section of the projected summary financial statements of Blair Bonds Corp. to December 31, 2014, prior to the board of directors' meeting to decide on dividends or other share transactions related to its 10,000 issued common shares for the year. 
Instructions
Prepare in four-column comparative format, the shareholders' equity section as it would appear under each of the following possible options that the board is considering. Only one of the options will be chosen, so assume they are mutually exclusive. Describe any additional disclosure that would be required.
a. The board declares a 20% stock dividend.
b. The board approves a 3-for-1 stock split.
Definitions:
Somatic Nervous System
Part of the peripheral nervous system that governs voluntary movements and transmits sensory and motor information to and from the central nervous system.
Central Nervous System
The system of neural tissue responsible for regulating bodily actions, consisting of both the brain and the spinal cord.
University of Michigan
A public research university in Ann Arbor, Michigan, known for its diverse and extensive research programs.
Sleeping Difficulties
Problems related to falling asleep, staying asleep, or experiencing restful sleep, impacting overall health and quality of life.
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