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Fitness Schools, Inc, is authorized to issue 200,000 shares of $1 par common stock. The company issued 78,000 shares at $6 per share. When the market price of common stock was $8 per share. Fitness Schools declared and distributed a 12% stock dividend. I atar. Fitnese Schonk declared and naid a $0.30 ner khare cash dividend. Requirement 1. Journalize the declaration and the distribution of the stock dividend. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) First, joumalize the declaration of the stock dividend. Now journalize the distribution of the stock dividend. Requirement 2. Journalize the declaration and payment of the cash dividend. (Record debits first, then credits. Select the explanation on the last line of the joumal entry table.) Begin by journalizing the declaration of the cash dividend. Now journalize the payment of the cash dividend