1. Journalize Highland's declaration of the shares dividend. An explanation is not required. 2. What was the overall effect of the stock dividend on Highland's total assets? What about on its total liabilities and its total shareholders' equity? Requirement 1. Journalize Highland's declaration of the shares dividend. An explanation is not required. (Record debits first, then credits. Explanations are not required.) Requirement 2. What was the overall effect of the stock dividend on Highland's total assets? What about on its total liabilities and its total shareholders' equity? The stock dividends have on total assets. The stock dividends have on total liabilities. The stock dividends have on total shareholders' equity. perations, Worldwide earned net income of $95,000 and declared a cash dividend of $60,000. Without making journal entries, determine the total share capital created by these transactions. Prepare the shareholders' equity section of Army Navy Sporting Goods balance sheet