Brazos Corporation's stockholders' equity appeared as follows on March 15:

On March 15 , when the stock was selling at \(\$ 13.50\) per share, the corporation's directors voted a \(5 \%\) stock dividend distributable on April 11 to the March 25 stockholders of record. The stock was selling at \(\$ 13.00\) per share at the close of business on April 12 .
\section*{Required}
1. Prepare general journal entries to record the declaration and distribution of the dividend.
2. Under the assumption that Rebecca Brady owned 800 of the shares on March 15 and received her dividend shares on April 11, prepare a schedule showing the numbers of shares she held on March 25 and April 12, with their total book values and total market values. Assume no change in total stockholders' equity from March 15 to April 12 .

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Common stock, $10 par value, 100,000 shares authorized, 25,000 shares issued $250,000 Contributed capital in excess of par value, common stock 18,750 Total contributed capital $268,750 Retained earnings. 30,000 Total stockholders' equity. $298,750