Joe Corp (JC) from question 21 has decided to give a dividend. JC currently has 50,000 shares of $5 par common stock. All of the shares are currently outstanding. Mid way through the year (aka July 1) JC declares a 10% stock dividend on July 1. The the time of declaration, the stock price (in the market) was $40. 1. The stock dividend is distributed on July 20. The journal entry for the declaration of the stock dividend is: (1.5 pts) Edit View Insert Format Tools Table