Brief Exercise 14-03 Coronado Corporation has 51,000 shares of $13 par value common stock outstanding. It declares a 15% stock dividend on December 1 when the market price per share is $16. The dividend shares are issued on December 31. Prepare the entries for the declaration and issuance of the stock dividend. (Record journal entries in the order presented in the problem. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts.) Date Account Titles and Explanation Debit Credit Your answer is correct. Coronado Corporation has 51,000 shares of $13 par value common stock outstanding. It declares a 15% stock dividend on December 1 w are issued on December 31. Prepare the entries for the declaration and issuance of the stock dividend. (Record journal entries in the order presented in the prom when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter Date Account Titles and Explanation Debit Credit Dec. 1 v Stock Dividends 122,400 Common Stock Dividends Distributable 99,450 Paid-in Capital in Excess of Par-Common Stock 22,950 Dec. 31 Common Stock Dividends Distributable 99,450 ho Common Stock 99,450 Click if you would like to Show Work for this question: Open Show Work