A plant asset cost $358400 and is estimated to have a $37000 salvage value at the end of its 8 -year useful life. The annual depreciation expense recorded for the third year using the double-declining-balance method would be $45336. $34020. $50400. $37470. On January 1,2022, Swifty Corporation had $1,480,000 of common stock outstanding that was issued at par and retained earnings of $747,000. The company issued 36,000 shares of common stock at par on July 1 and earned net income of $400.000 for the year. Journalize the declaration of a 15% stock dividend on December 10,2022 , for the following two independent assumptions. (Credit account titles are outomatically indented when amount is entered. Do not indent monually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) (a) Par value is $10 and market price is $15. (b) Par value is $5 and market price is $8. No. Account Titles and Explanation Debit Credit (a) (b)