Data table Stockholders' Equity Paid-in capital: Common stock, $1 par, 900,000 shares authorized, 90,000 issued and outstanding $ 90,000 450,000 Paid-in capital in excess of parcommon Total paid in capital 540,000 360,000 Retained earnings $ Total stockholders' equity 900,000 The stockholders' equity for Shami, Inc., on December 31, 2017, follows: (Click the icon to view the stockholders' equity on December 31, 2017.) On May 31, 2018, the market price of Shami's common stock was $13 per share and the company distributed a 15 percent stock dividend. Read the requirements. Requirement 1. Journalize the distribution of the stock dividend. (Record debits first, then credits. Exclude explanations from any journal entries.) Journal Entry Date Accounts Debit Credit May 31 Requirements 1. Journalize the declaration and distribution of the stock dividend. 2. Prepare the stockholders' equity section of the balance sheet after the stock dividend