Epic Inc. has 10,000 shares of $2 par value common stock outstanding. Epic declares a 5% stock dividend on July 1 when the stock's market value is $8 per share. The stock dividend is distributed on July 20, Prepare journal entries for (a) declaration and (b) distribution of the stock dividend. View transaction list Journal entry worksheet < 1 2 Record the declaration of a 5% stock dividend. > Note: Enter debits before credits. Date July 01 General Journal Debit Credit