On January 1,2020,ABC had 1,000,000 ordinary shares outstanding that were issued at par. It also had retained earnings of 750,000. The company issued 40,000 ordinary shares at par on July 1 and earned a net income of 400,000 for the year. Instructions Journalize the declaration of a 15% share dividend on December 10,2020 , for the The Par value is 10, and the market price is 18