6) A corporation reported the following equity section on its current balance sheet. The common stock is currently selling for $12.00 per share.

Common stock, $5 par, 100,000 shares authorized, 50,000 shares issued	$250,000
Paid in capital in excess of parcommon	150,000
Retained earnings	500,000
Total stockholders' equity	$900,000

If they paid a 15% stock dividend, what would be the amount of stock dividend paid out to common stockholders.

7) On November 1, 2018, Oster Company declared a dividend of $3.00 per share. Oster Company has 20,000 shares of common stock outstanding and no preferred stock. Please provide the journal entry for the declaration of dividends.