a company issues 55,000 shares of its $8 par common stock for $17 per share.

The stockholders' equity for Blade, Inc., on December 31, 2015, follow EEB (Click the icon to view the stockholders' equity on December 31, 2015) On September 30, 2016, the market price of Blade's common stock was $11 per share and the company distributed a 10 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 Date Accounts Debit Credit Sep 30 Requirement 2. Prepare the stockholders' equity section of the balance sheet after the stock dividend. (Enter the accounts and labels in the proper order for the stockholders' equity section of the balance sheet.) Stockholders'Equity Paid-in capital: Data Table Stockholders' Equity Paid-in capital Common stock, $1 par, 100,000 shares authorized, 70.000 70,000 issued and outstanding 280,000 350,000 250,000 600,000 Paid-in capital in excess of par-common Total paid in capital Retained earnings S Total stockholders' equity PrintDone