Fitness Schools, Inc. is authorized to issue 200,000 shares of $4 par common stock. The company issued 79,000 shares at $3 per share. When the market price of common stock was $5 per share, Fitness declared and distributed a 12% stock dividend. Later, Fitness declared and paid a $0.80 per share cash dividend. Read the requirements. Requirement 1. Journalize the declaration and the distribution of the stock dividend (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) First, journalize the declaration of the stock dividend Date Credit Accounts and Explanation Debit