E10-33A (similar to) Question Help O The stockholders' equity section of the balance sheet for Perfect Desserts Corporation on January 15, 2019, follows: (Click the icon to view the data.) On January 15, 2019, the market price of Perfect Desserts common stock was $14 per share. Perfect Desserts declared and distributed a 20% stock dividend on this cate. Read the requirements. Requirement 1. Joumalize the declaration and distribution of the 20% stock dividend. (Record debits first, then credits. Exclude explanations from any joumal entries.) Journal Entry Date Accounts Debit Credit January 15 Choose from any list or enter any number in the input fields and then click Check Answer. ? i 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. 3. Why is total stockholders' equity unchanged by the stock dividend? 4. Suppose Perfect Desserts had a cash balance of $570,000 on January 16, 2019. What is the maximum amount of cash dividends the company can declare? Print Done Data Table Stockholders' Equity Common stock, $0.80 par, 2,500,000 shares authorized, 500,000 shares issued $ 400,000 Paid-in capital in excess of parcommon 1,076,267 Retained earnings 7,250,000 (205,000) Accumulated other comprehensive income (loss) $ 8,521,267 Total stockholders' equity Print Done