On January 1, 2022, Pharoah Corporation had $1,100,000 of common stock outstanding that was issued at par. It also had retained earnings of $742,500. The company issued 41,000 shares of common stock at par on July 1 and earned net income of $405,000 for the year. Journalize the declaration of a 15% stock dividend on December 10, 2022, for the following independent assumptions. (Credit account tities are outomatically indented when amount is entered. Do not indent manuolly. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) a. Parvalue is $10, and market price is $18. b. Par value is $5, and market price is $22. No. Account Titles and Explanation Debit Credit a. b