Homework: Graded MAL HW #10 [Ch 13] Spr 2020 Save Score: 0 of 5 pts 18 of 18 (11 complete) HW Score: 66.02%, 111.58 of 169 pts S13-10 (similar to) Question Help Rusty, Inc. had 310,000 shares of $4 par value common stock issued and outstanding as of December 15, 2018. The company is authorized to issue 1,400,000 common shares. On December 15, 2018, Rusty declared a 50% stock dividend when the market value for Rusty's common stock was $7 per share. The stock was issued on Dec. 30 Read the requirements. Requirement 1. Journalize the declaration and distribution of the stock dividend. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Start by journalizing the declaration of the stock dividend Date Accounts and Explanation Debit Credit Dec. 15 Choose from any list or enter any number in the input fields and then click Check Answer. Requirements 2 remaining parts Check Answer 1. Journalize the declaration and distribution of the stock dividend. 2. How many shares of common stock are outstanding after the dividend? Print Done