Lakeside Water Sports has 11,000 shares of $2 par value common stock outstanding. Lakeside distributes a 5% stock dividend when the market value of its stock is $15 per share. Read the requirements. Requirement 1. Journalize Lakeside's declaration of the stock dividend on June 15 and distribution on June 30. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Start by journalizing the declaration of the stock dividend on June 15. Lakeside Water Sports has 11,000 shares of $2 par value common stock outsta distributes a 5% stock dividend when the market value of its stock is $15 per sh Read the pnguirements. Requirements 1. Joumalize Lakeside's declaration of the stock dividend on June 15 and distribution on June 30 . 2. What is the overall effect of the stock dividend on Lakeside's total assets? 3. What is the overall effect on total stockholders' equity