Debra Corporation has 48,000 shares of 31 par value common stock outstanding. The company has 5400,000 of retained earnings. At year end, the chmpiny declares a cish dividend of 52.00 per share and a eight percent stock dividend. The market price of the stock at the declaration date is 543 per share. Three weeks later, the compary pars the dividends. a. Prepare the journal entry for the declaration of the cash dividend. b. Prepare the journal entry for the declaration of the stock dividend. c. Prepare the journal entry for the payment of the cash dividend. d. Prepare the joumal entry for the payment of the stock dividend. a. Prepare the journal entry for the declaration of the cash dividend. b. Prepare the journal entry for the declaration of the stock dividend. c. Prepare the journal entry for the payment of the cash dividend. d. Prepare the journal entry for the payment of the stock dividend