Mustang Corporation had 100,000 shares of $2 par value common stock outstanding. On December 31, 2021, the company's board of directors declares a 50 percent stock dividend. This stock dividend will be distributed on January 20, 2022 to the stockholders of record on January 15, 2022. The market price of the company's stock is $10 per share on December 31, 2021. Complete the necessary journal entry to record the declaration of the stock dividend by selecting the account names from the drop- down menus and entering the dollar amounts in the debit or credit columns. > Answer is complete but not entirely correct. 1 No Date Dec. 31 General Journal Retained earnings Common stock dividend distributable Paid in capital in excess of par value Debit Credit 500,000 100,000 400,000 x