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short Answer Question 5 Company has retained earnings of $600,000, common stock of $700,000, and total common stockholders equity Manty of $1,400,000. It has 100,000 shares of $7 par value common stock outstanding which is currently selling for 20 per share. Manego Company declares a 15% stock dividend on its common stock, make the journal entry to record the transaction. BONUS Question Cleveland Company Stockholder's Equity consisted of the following on December 29, 2012 Common stock, $2 par value, 100,000 shares authorized, 50,000 shares issued and 49,800 shares outstanding $100,000 400,000 Additional paid-in capital 300 Paid-in capital, treasury stock 500,300 Total contributed capital 90,000 Retained earnings 590,300 Total contributed capital and retained earnings 4,000 Less treasury stock 586,300 On December 30, 2012, Cleveland Company retired the remaining 200 shares of its treasury stock The tresury Prepare the journal entry to record the retirement of the treasury stock Total stockholder's equity