E10-21A (similar to) Data Table The stockholders' equity for Pondwood, Inc., on December 31, 2015, follows: EEB (Click the icon to view the stockholders' equity on December 31, 2015.) On June 30, 2016, the market price of Pondwood's common stock was $11 per share and the company distributed a 20 percent stock dividend. Read the requirements. Stockholders' Equity Paid-in capital Common stock, $1 par, 600,000 shares authorized, Requirement 1. Joumalize the distribution of the stock dividend. (Record debits first, then credits. Exclude explanations from any jourmal entries.) 70,000 420,000 490,000 250,000 740,000 70,000 issued and outstanding Journal Entry Paid-in capital in excess of par-common Date Accounts Debit Credit Total paid in capital Jun 30 Retained eamings Total stockholders' equity i Requirements 1. Joumalize the declaration and distribution of the stock dividend. 2. Prepare the stockholders'equity section of the balance sheet after the stock dividend. Print Done