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Semester 2021/2022 Question 1: On January 1 2012. the stockholders equity section of the balance sheet of Ford Corporation appears as follows: Stockholder's equity : Common stock. $10 pat value: 400.000 shores authorized 100.000 shares issued and outstanding Retained Earnings $1.000.000 500.000 1.500.000 Total stockholde's equity On July 1.2012 the company issued 40,000 shares of common stock at $15 per share On December 15, 2012 the board of directors declared a 10. stock dividends. The market value of Ford Corporation stock was $14 per share on December 15, 2012 and $16 per share on January 15, 2013. . Net income for 2012 was $300,000 Required: Journalize the following: (1) The issuance of stock on July 1, 2012 (2) The declaration of the stock dividend on December 15, 2012 Debit Credit