Bercise 14-03-b (Video) On January 1, 2020, Pharoah Corporation had $1,100,000 of common stock outstanding that was issued at par. It also had retained earnings of $742,500. The company issued 41,000 shares of common stock at par on July 1 and eamed net income of $405,000 for the year Journalize the declaration of a 15% stock dividend on December 10, 2020, for the following independent assumptions. (Credit account s are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry for the accounts and enter for the amounts) Par value is $10, and market price is $18. Par value is $5, and market price is $22. Account Titles and Explanation Credit