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In 2022, Rock Lobster Industries issued a small stock dividend equal to 5% of common shares outstanding. At the time, the company had 1,000 share

In 2022, Rock Lobster Industries issued a small stock dividend equal to 5% of common shares outstanding. At the time, the company had 1,000 share of $1 par common stock outstanding and the stock price was $10 per share. In the journal entry to record the issuance, what was the debit to retained earnings?

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