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On January 1, 2020, Lanle Limited had 1,000,000 of share capital-ordinary for shares issued at par. It aiso had retained earnings of 750,000. The compary

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On January 1, 2020, Lanle Limited had 1,000,000 of share capital-ordinary for shares issued at par. It aiso had retained earnings of 750,000. The compary issued 40,000 ordinary shares at par on July 1 and earned net income of f400,000 for the year. Journalize the declaration of a 15% stock dividend on December 10,2020, for the following independent assumptions, (Credit account titles are outomatically indented when amoint is entered. Do not indent manually. If no entry is required, select ' No Entry' for the account titles and enter ofor the amounts) a. Par value is E10, and market price is E18; b. Parvalue is 5, and market price is 20

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