Brief Exercise 14-2 Langley Corporation has 47,900 shares of $12 par value common stock outstanding. It declares a 10% stock dividend on December 1 when the market value per share is $18. The dividend shares are issued on December 31 Prepare the entries for the declaration and payment 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. Date Account Titles and Explanation Debit Credit