Exercise 233 (Part Level Submission) On January 1, 2017, the Black Corporation had $2,000,000 of $10 par value common stock outstanding that was issued at parand Retained Earnings of $1,000,000. The company issued 140,000 shares of common stock at $15 per share on July 1. On December 15, the board of directors dedared a 10% stock dividend to stockholders of record on December 31, 2017, payable on January 15, 2018. The market value of Black Corporation stock was $17 per share on December 15 and $16 per share on December 31. Net income for 2017 was $500,000 (a) Journalize the issuance of stock on July 1 and the declaration of the stock dividend on December 15 entered. Do not indent manually. Record journal entries in the order presented in the prob enter for the amounts) Credit account titles are automatically indented when the amount is . If no entry is required select "No Entry for the account s and Date Account Titles and Explanation Debat Credit Attempts of tused SA LATER