Hometown Bancshares has 40,000 shares of \$3 par value common stock outstanding. Suppose Hometown declares and distributas a 5% stock dividend when the markes value of its stock it $15 share. 1. Journalize Hometown's doclaration and distribution of the sfock dividend on May 11. An explanation is not required. 2. What was the overall ellect of the stock dividend on Hometowr's total assets? On fotal liabilities? On total stockholders' equity? 1. Joumalize Hometowris dockaration and distribution of the stock dividend on Mary 11, An explantion is not required. (Record debits first then crests. Exclude explarations from ary joumal entries.)