1: On January 1,2012, the stockholders equity section of the balance sheet of Ford Corporation appears as follows: Stockholder's equity: Common stock, $10 par value: 400,000 shares authorized. 100,000 shares issued and outstanding. Retained Earnings $1,000,000 Total stockholde's equity 500,000 1,500,000 On July 1,2012 the company issued 40,000 shares of common stock at $15 per share. On December 15, 2012 the board of directors declared a 10% stock dividends. The market value of Ford Corporation stock was $14 per share on December 15, 2012 and $16 per share on January 15, 2013. Net income for 2012 was $300,000. Required: Journalize the Following: (1) The issuance of stock on July 1, 2012. (2) The declaration of the stock dividend on December 15, 2012