3.	Pratt Company has the following equity balances: Common Stock, $1 par: $50,000 Additional Paid-in Capital: $300,000 Retained Earnings: $100,000 Total Equity: $450,000 The market price per share of Pratts stock is currently $8. Pratt Company has decided to declare and issue a 20% stock dividend. The journal entry to record this transaction would include a
	Debit to Retained Earnings of $10,000 Debit to Common Stock of $10,000 Credit to Additional Paid-in-Capital of$70,000 Credit to Retained Earnings of $80,000 Credit to Retained Earnings of $10,000