Crystal Clear Water Sports has 13,000 shares of $2 par value common stock outstanding Crystal Clear distributes a 5% stock dividend when the market value of its stock is $20 per share. Read the requirements. Requirement 1. Journalize Crystal Clear's declaration of the stock dividend on August 15 and distribution on August 31 . (Record debits first, then credits Select the explariation on the last line of the journal entry table) Start by journalizing the declaration of the stock dividend on August 15. Requirements 1. Journalize Crystal Clear's declaration of the stock dividend on August 15 and distribution on August 31. 2. What is the overall effect of the stock dividend on Crystal Clear's total assets? 3. What is the overall effect on total stockholders' equity