E14-15 Omni Communications, Inc.. began 20X5 with 3 million shares of $1 par common stock issued and outstanding. Beginning paid-in capital in excess of par was $6 million, and retained earnings was $7 million. In February 20X5, Omni issued 100,000 shares of stock at $11 per share. In September, when the stock's market price was $12 per share, the board of directors distributed a 10% stock dividend. Required 1. Make the journal entries for the issuance of stock for cash and for the distribution of the 10% stock dividend. 2. Prepare the company's statement of stockholders' equity for the year ended December 31, 20X5.