31, 20 Data Table cember stock vidend. Stockholders' Equity Paid-in capital: Common stock, $1 par, 500,000 shares authorized, 50,000 issued and outstanding Paid-in capital in excess of par-common Total paid in capital $ 50,000 250,000 300,000 160,000 Retained earnings $ 460,000 Total stockholders' equity at fields al Print Done CleanAIL The stockholders' equity for Pondside, Inc., on December 31, 2017, follows: Click the icon to view the stockholders' equity on December 31, 2017.) On May 31, 2018, the market price of Pondside's common stock was $15 per share and the company distributed a 20 percent stock dividend. Read the requirements Requirement 1. Journalize the distribution of the stock dividend. (Record debits first, then credits. Exclude explanations from any journal entries.) Journal Entry Accounts Date Debit Credit May 31 All Abad