On January 1, 2014, Lanie Corporation had $1,086,000 of common stock outstanding that was issued at par. It also had retained earnings of $741,200. The company issued 43,800 shares of common stock at par on July 1 and earned net income of $393,700 for the year. Journalize the declaration of a 14% stock dividend on December 10, 2014, for the following independent assumptions