Oceanview Water Sports has 14,000 shares of $3 par value common stock outstanding. Oceanview distributes a 5% stock dividend when the market value of its stock is $18 per share. Read the requirements. Requirements 1. Journalize Oceanview'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 Oceanview's total assets? 3. What is the overall effect on total stockholders' equity