On January $1,2025,$ Grouper Corp. had $$1,330,000$ of common stock outstanding that was issued at par and retained earnings of $$727,000.$ The company issued $38,000$ shares of common stock at par on July $1$ and earned net income of $$544,000$ for the year.Journalize the declaration of a $17\%$ stock dividend on December $10,2025,$ for the following two independent assumptions. $($Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select $"$No Entry" for the account titles and enter $0$ for the amounts. List all debit entries before credit entries.$)($a$)$ Par value is $$10$ and market price is $$16.($b$)$ Par value is $$5$ and market price is $$9$No$.$ Account Titles and Explanation$($a$)$Stock DividendsCommon Stock Dividends DistributablePaid$-$in Capital in Excess of Par$-$Common StockDebitCreditCredit$($a$)$ Stock Dividends$\backslash$table$[[$Common Stock Dividends Distributable$],[$Paid$-$in Capital in Excess of Par$-$Common Stock$]]($b$)($b$)$

On January $1,2022,$ Marigold Corp. had $$1,460,000$ of common stock outstanding that was issued at par and retained earnings of $$741,000.$ The company issued $38,000$ shares of common stock at par on July $1$ and earned net income of $$396,000$ for the year.

Journalize the declaration of a $16\%$ stock dividend on December $10,2022,$ for the following two independent assumptions. $($Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select $"$No Entry" for the account titles and enter $0$ for the amounts.$)$

$($a$)$ Par value is $$10$ and market price is $$15.$

$($b$)$ Par value is $$5$ and market price is $$8.$