On January $1,2025,$ Martinez Corp. had $$1,350,000$ of common stock outstanding that was issued at par and retained earnings of

$$767,000.$ The company issued $22,000$ shares of common stock at par on July $1$ and earned net income of $$418,000$ for the year.

Journalize the declaration of a $15\%$ 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 $$10$ and market price is $$18.$

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