Brief Exercise 11-12 Sheffield C has 285,000 shares of $8 par value common stock outstanding. It declares a 13% stock dividend on December 1 when the market price pe share is $16. The dividend shares are issued on December 31. Prepare the entries for the dedaration and distribution of the stock dividend. (Record journal entries in the order presented in thre problem. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry for th account titles and enter 0 for the amounts.) Date Account Titles and Explanation Debit Credit Dec. 1 Stock Dividends Common Stock Dividends Distributable Pald-in Capital in Excess of Par Value-Common Stock Dec. 31comman Stock Dividends Distributable Common Stock SHOW LIST OF ACCOUNTS LINK TO TEXT