11. The Stockholders' Equity of Ekblad Engineering on December 31, 2019, follows: Stockholders' Equity Paid-In Capital: Common Stock-$2 Par Value; 1,600 shares authorized, 600 shares issued and outstanding Paid-In Capital in Excess of ParCommon Total Paid-In Capital Retained Earnings Total Stockholders' Equity $ 1,200 2,400 3,600 124,000 $ 127,600 On January 1, 2020, the market price of Ekblad Engineering's common stock was $15 per share and the company declared an 8% stock dividend. The stock was distributed to the shareholders on February 1, 2020. What are the debits and credits Ekblad Engineering will record in its journal on January 1, 2020? Use the following information for questions 12 and 13. Ben and Joyce are a musical duet that operates as a partnership and plays at weddings. On January 1, 2019, Ben contributed $10,000 to the partnership and Joyce contributed $20,000 to the partnership. Ben manages the bookings for the partnership and arranges the advertising. Ben and Joyce agreed that of the net income, first, Ben will receive a salary allowance of $10,000; second, of the next $30,000 of net income, they will each receive an allowance in proportion to their respective initial capital contributions, and third, the remaining net income or loss will be divided equally. During 2019, the partnership had net income of $120,000. 12. What are the balances of Ben's and Joyce's respective capital accounts as of December 31, 2019? 13. On January 1, 2020, Dan joins the partnership by contributing $40,000 for a 25% interest in the partnership. What are the capital accounts of the three partners immediately after Dan joins the partnership