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can you answer this question for me please ? Sunland Corporation has outstanding 489,000 shares of $10 par value common stock. The corporation declares a

can you answer this question for me please ?

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Sunland Corporation has outstanding 489,000 shares of $10 par value common stock. The corporation declares a 100% stock dividend when the fair value of the stock is $62 per share. Prepare the journal entries for both the date of declaration and the date of distribution. (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 O for the amounts.) Account Titles and Explanation Debit Credit Declaration Date Retained Earnings Common Stock Dividend Distributable Distribution Date Retained Earnings Common Stock Dividend Distributable IL

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