6. Dynasty Corporation had stockholders' equity on January 1 as follows: Common Stock, $1 par value, 1,000,000 shares authorized, 400,000 shares issued; Paid-in Capital in Excess of Par Value, Common Stock, $800,000; Retained Eamings, $3,600,000 Prepare journal entry to record the following transaction: (1.5 points) The board of directors declared a 5% stock-dividend to of record on March 1. The stock was trading at Feb. 15$7 per share prior to the dividend. Hint: Use the liability account "Stock Dividend Distributable" for the par value of the stock dividend on this date as the stock dividend is not payable until a later date). Debit Credit Date Account Name