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Mustang Corporation had 100.000 shares of $2 por value common stock outstanding. On December 31, 2021, the company's board of directors declares a 20 petcent

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Mustang Corporation had 100.000 shares of $2 por value common stock outstanding. On December 31, 2021, the company's board of directors declares a 20 petcent stock dividend This stock dividend will be distributed on January 20.2022 to the stockhoiders of record on January 15.2022. The market price of the companys stock is $10 per share on December 31,2021. Complete the necessary journal entry to record the decleration of the stock dividend by selecting the account names from the dropdown menus and entering the dollar amounts in the debit or credit columns

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