Lake Company reported the following summarized balance sheet data as of December 31, 20x2 Cash Accounts Receivable s 37.000 Accounts Payable 90,000 Common Stock 98,000 Retained Earnings s 43.000 150.000 184.000 Buildings & Equipment Less: Accumulated Depreciation (130.000) 282,000 Total Assets 377,000 Total Liabilities & Equities $ 377.000 Lake issues 4.100 additional shares of its $10 par value stock to its shareholders as a stock dividend on April 20. 20X3. The market price of Lake's shares at the time of the stock dividend is $55. Lake reports net income of $26.000 and pays a $14,000 cash dividend in 20X3. Lindale Company aoquired 70 percent of e's common shares at book value on January 1, 20X1. At that date the fair value of the noncontrolling interest was equal to 30 percent of Lake's book value. Lindale uses the equity method in accounting for its investment in Lake Lak Required: a. Prepare the journal entries recorded by Lake and Lindale at the time the stock dividend is declared and distributed. (If no entry is required for a transaction/event first account field.) select "No journal entry required" in the Journal entry worksheet Record the issuance of a stock dividend by Lake Company, Recond entry Clear entry View general