Can someone please show their work on how to do this? Thank you

X E13-30 (similar to) Martial Arts Schools, Inc. is authorized to issue 200,000 shares of $2 par common stock. The company issued 74.000 shares at $6 per share. When the market price of common stock was $8 per share, Martial Arts declared and distributed a 5% stock dividend. Later, Martial Arts declared and paid a 50.40 per share cash dividend. Read the requirements Requirement 1. Journalize the declaration and the distribution of the stock dividend. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) First, journalize the declaration of the stock dividend. Date Debit Credit 29,600 Accounts and Explanation Stock Dividends Common Stock Dividend Distributable Paid-In Capital in Excess of ParCommon 7,400 22,200 - X Requirements Declared a 5% stock dividend. Now journalize the distribution of the stock dividend. 1. Journalize the declaration and the distribution of the stock dividend. 2. Journalize the declaration and payment of the cash dividend. Date Debit Credit Accounts and Explanation Common Stock Dividend Distributable Common Stock-$2 Par Value 7,400 7,400 Print Done Issued 5% stock dividend. Requirement 2. Journalize the declaration and payment of the cash dividend. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Begin by journalizing the declaration of the cash dividend. Date Debit Credit Accounts and Explanation Cash Dividends Dividends Payable-Common 31.080 31,080 Declared a cash dividend. Now journalize the payment of the cash dividend, Date Debit Credit Accounts and Explanation Dividends PayableCommon Cash 31,080 31,080 Payment of cash dividend