i Requirements ce til ble. he exp atid 1. Journalize the declaration and distribution of the stock dividend 2. Prepare the stockholders' equity section of the balance sheet as of May 31, 2018. Assume Retained Earnings are $127.000 on April 30, 2018, before the stock dividend, and the only change made to Retained Earnings before preparing the balance sheet was closing the Stock Dividends account. Print Done The stockholders' equity of Lakeshore Occupational Therapy, Inc. on December 31, 2017 follows: Click the icon to view the data.) Click the icon to show additional information.) Read the requirements Requirement 1. Journalize the declaration and distribution of the styk 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 Accounts and explanation Debit Credit Apr 30 akesho e data Data Table ne ded ) lect on of th 1,080 Stockholders' Equity Paid-in Capital Common Stock-$3 Par Value; 1,550 shares authorized, 360 shares issued and outstanding $ Paid-in Capital in Excess of Par-Common Total Paid-In Capital Retained Earnings $ Total Stockholders' Equity 1,440 2,520 127 000 129,520 anu i Requirements ce til ble. he exp atid 1. Journalize the declaration and distribution of the stock dividend 2. Prepare the stockholders' equity section of the balance sheet as of May 31, 2018. Assume Retained Earnings are $127.000 on April 30, 2018, before the stock dividend, and the only change made to Retained Earnings before preparing the balance sheet was closing the Stock Dividends account. Print Done The stockholders' equity of Lakeshore Occupational Therapy, Inc. on December 31, 2017 follows: Click the icon to view the data.) Click the icon to show additional information.) Read the requirements Requirement 1. Journalize the declaration and distribution of the styk 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 Accounts and explanation Debit Credit Apr 30 akesho e data Data Table ne ded ) lect on of th 1,080 Stockholders' Equity Paid-in Capital Common Stock-$3 Par Value; 1,550 shares authorized, 360 shares issued and outstanding $ Paid-in Capital in Excess of Par-Common Total Paid-In Capital Retained Earnings $ Total Stockholders' Equity 1,440 2,520 127 000 129,520 anu