On January 1, 2019, Kingbird, Inc. had $1,180,000 of common stock outstanding that was issued at par. It also had retained earnings of $749,500. The company issued 41,500 shares of common stock at par on July 1 and earned net income of $410,000 for the year. Journal ze he declaration o a 15% stock dividend on December 10, 20 forthe lowing independent assumptions. Cred tacco t i es are automatical is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts) (a) Par value is $10, and market price is $19. (b) Par value is $5, and market price is $21. No. Account Titles and Explanation (a) Stock Dividends in en e when amount Credit Debit 454575 239250 Common Stock Dividends Distributable 215325 Paid-in Capital in Excess of Par-Common Stock (b) Stock Dividends 874125 208,125 Paid-in Capital in Excess of Par-Common Stock 666,000 Common Stock Dividends Distributable Click if you would like to Show Work for this question: Open Show Work