on January 1, 2014, Wilkens Corporation had $1,200,000of common stock outstanding that was issued at par and retained earnings of $750,000. The company issued30,000shares of common stock at par on July 1 and earned net income of $400,000for the year.

Journalize the declaration of a15% stock dividend on December 10, 2014, for the following two independent assumptions.(Credit account titles are automatically indented when amount is entered. Do not indent manually.)

(a)	Par value is $10and market price is $15.
(b)	Par value is $5and market price is $8.