4 of 7 6 complete) HW Score: 81.56%, 5.71 of Score: 0 of 1 pt EF 13-29 (Simal 10) Question Help The stockholders' equity of Seabury Occupational Therapy, Inc. on December 31, 2023, follows: E: (Click the icon to view the data.) (Click the icon to show additional information.) Read the requirements. Requirement 1. Journalize the declaration and distribution of the stock dividend. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) First, journalize the declaration of the stock dividend. Date Debit Credit Data Table - X Apr. 30 Accounts and Explanation Retained Earnings Common Stock Dividend Distributable 130000 0 0 130000 Common Stock Dividend Distributable Stock Dividends 49 0 49 Declared a 5% stock dividend. Stockholders' Equity Paid-In Capital: Common Stock-$1 Par Value; 1,150 shares authorized, 980 shares issued and outstanding $ Paid-In Capital in Excess of ParCommon Total Paid-In Capital Retained Earnings $ Total Stockholders' Equity 980 3,920 - X More Info 4.900 130,000 Choose from 134,900 On April 30, 2024, the market price of Seabury's common stock was $17 per share and the company declared a 5% stock dividend. The stock was distributed on May 15. parts Clear All Check remaining Print Done Print Done