On January 1, 2018, the Brow that was issued at par and retained earnings of $1.000,.000. The company issued 100,000 shares of commn n Corporation had $2,000,000 of $10 par value common stock outstanding per share on July 1 On December 15, th board of directors declared a 10% stock dividend to stock at $13 stockholders of record on December 31, 2018, payable on January 15, 2019. The market value of Brow Corporation stock was $16 per share on December 15 and $15 per share on December 31. Net income for 2018 was $500,000. Instructions ize the issuance of stock on July 1, the declaration of the stock dividend on December 15 2018, and the payment of stock dividend on January 15,2019