Fitness Schools, Inc. is authorized to issue 200,000 shares of $44 par common stock. The company issued 71 comma 00071,000 shares at $ 6$6 per share. When the market price of common stock was $ 8$8 per share, FitnessFitness Schools declared and distributed a 1010% stock dividend. Later, FitnessFitness Schools declared and paid a $ 0.30$0.30 per share cash dividend.\ Read the requirements LOADING... .\ Question content area bottom\ Part 1\ 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.)