Journalizing a stock dividend and reporting stock holders equity The stockholders equity of Pondside Occupational Therapy, Inc. On December 31, 2013 follows: Stockholders Equity Paid in capital: Common stock-$1 par value; 1,250 shares authorized, 530 shares issued and outstanding $530 Paid-in capital in excess par---Common 2,120 Total paid-in capital 2,650 Retained earnings 121,000 Total stockholders equity $123,650 On April 30, 2014, the market price of Pondsides common stock was $11 per share and the company declared a 10% stock dividend. The stock was distributed on May 15. Requirements 1. Journalize the declaration and distribution of the stock dividend 2. Prepare the stockholders equity section of the balance sheet after the stock dividend. Assume retained earnings are $121,000 on April 30, 2014, before the stock dividend