Blossom Hovercraft Inc. reported the following shareholders' equity:

Preferred shares, $100,000$ shares authorized,

$$427,500$

$23,600$ shares issued and outstanding

Common shares, unlimited shares authorized,

$794\mathrm{.}000$

$239,000$ shares issued and outstanding

$1\mathrm{.}221\mathrm{.}500$

Total share capital

$2,397,500$

Retained earnings

$$3\mathrm{.}619\mathrm{.}000$

Total shareholders' equity

The board of directors declared a $5\%$ common stock dividend when the market price of the shares was $$20$ per share. Prepare the necessary journal entries to record the declaration and distribution of the stock dividend. $($Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries. If no entry is required, select $"$No Entry for the account titles and enter O for the amounts.$)$

Account Titles and Explanation

Debit

Credit

$($To record declaration of stock dividend.$)$

$($To record distribution of stock dividend.$)$

What effect did the stock dividend have on:

L total assets

total liabilities

total share capital

iv$.$ total shareholders' equity