1 Requirements 1. Journalize the declaration and distribution of the stock dividend. 2. Prepare the stockholders' equity section of the balance sheet after the stock dividend. 3. Why is total stockholders' equity unchanged by the stock dividend? 4. Suppose Dairy Heaven had a cash balance of $540,000 on October 11, 2019. What is the maximum amount of cash dividends the company can declare? Print Done Data Table 1 r the ac theses Stockholders' Equity Common stock, $0.60 par, 2,400,000 shares authorized, 800,000 shares issued Paid-in capital in excess of par-common Retained earnings Accumulated other comprehensive income (loss) $ 480,000 1,722,027 7,111,000 (205,000) $ 9,108,027 Total stockholders' equity Print Done The stockholders' equity section of the balance sheet for Dairy Heaven Corporation on October 10, 2019, follows: EE (Click the icon to view the data.) On October 10, 2019, the market price of Dairy Heaven common stock was $16 per share. Dairy Heaven declared and distributed a 10% stock dividend on this date Read the requirements. Requirement 1 Journalize the declaration and distribution of the 10% stock dividend Record debits first, then credits. Exclude explanations from any journal entries Journal Entry Date Accounts Debit Credit October 10 Requirement 2. Prepare the stockholders' equity section of the balance sheet after the stock dividend. (Enter the accounts in the proper order for the stockholders' equity s Balance Sheet (Partial) Stockholders' Equity: par shares shares Total paid-in capital Total stockholders' equity Requirement 3. Why is total stockholders equity unchanged by the stock dividend? The stock dividend did not change total stockholders' equity because the company gave its shareholders Requirement 4. Suppose DH had a cash balance of $540,000 on October 11, 2019. What is the maximum amount of cash dividends the company can declare? DH's maximum cash dividends -The company merely 1 Requirements 1. Journalize the declaration and distribution of the stock dividend. 2. Prepare the stockholders' equity section of the balance sheet after the stock dividend. 3. Why is total stockholders' equity unchanged by the stock dividend? 4. Suppose Dairy Heaven had a cash balance of $540,000 on October 11, 2019. What is the maximum amount of cash dividends the company can declare? Print Done Data Table 1 r the ac theses Stockholders' Equity Common stock, $0.60 par, 2,400,000 shares authorized, 800,000 shares issued Paid-in capital in excess of par-common Retained earnings Accumulated other comprehensive income (loss) $ 480,000 1,722,027 7,111,000 (205,000) $ 9,108,027 Total stockholders' equity Print Done The stockholders' equity section of the balance sheet for Dairy Heaven Corporation on October 10, 2019, follows: EE (Click the icon to view the data.) On October 10, 2019, the market price of Dairy Heaven common stock was $16 per share. Dairy Heaven declared and distributed a 10% stock dividend on this date Read the requirements. Requirement 1 Journalize the declaration and distribution of the 10% stock dividend Record debits first, then credits. Exclude explanations from any journal entries Journal Entry Date Accounts Debit Credit October 10 Requirement 2. Prepare the stockholders' equity section of the balance sheet after the stock dividend. (Enter the accounts in the proper order for the stockholders' equity s Balance Sheet (Partial) Stockholders' Equity: par shares shares Total paid-in capital Total stockholders' equity Requirement 3. Why is total stockholders equity unchanged by the stock dividend? The stock dividend did not change total stockholders' equity because the company gave its shareholders Requirement 4. Suppose DH had a cash balance of $540,000 on October 11, 2019. What is the maximum amount of cash dividends the company can declare? DH's maximum cash dividends -The company merely