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Emma Systems, Inc. declared and issued a 1 1 percent stock dividend. The company has 7 2 0 , 0 0 0 shares authorized and

Emma Systems, Inc. declared and issued a 11 percent stock dividend. The company has 720,000 shares authorized and 34,633 outstanding. The par value of the stock is $1.85 per share and the market value is $9 per share.
To record the stock dividend, the debit to Retained Earnings would be $.
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