On January 1, 2022, Cheyenne Corp. had 1,280,000 of common stock outstanding that was issued at par and retained earnings of 794,000. The company issued 25,000 shares of common stock at par on July 1 and earned net income of 471,000 for the year. Journalize the declaration of a 17% stock dividend on December 10, 2022, for the following two independent assumptions.