On January 1, 2017, Sarasota Corp. had $1, 350,000 of common stock outstanding that was issued at par and retained earnings of $780,000. The company issued 40,000 shares of common stock at par on July 1 and earned net income of $447,000 for the year. Journalize the declaration of a 16% stock dividend on December 10, 2017, for the following two independent assumptions. (a) Par value is $10 and market price is $16. (b) Par value is $5 and market price is $8