On March 1, Sunland Ltd had 408,000 common shares issued and the balance in its Common Shares account wm 5612000 The company declared a 5% stock dividend to shareholders of record on March 14. to be distributed on March 31. The tale valve per share was $6 on March 1, $5.85 on March 14, and $6.35 on March 31. Prepare the entries on the appropriate dates to record the stock dividend. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts. Record journal entries in the order presented in the problem.) Debit Credit Date Account Titles and Explanation 110.40 Mar 1 Retained Earnings Common Shares (To record declaration of stock dividend.) Mawr 14 HII Mar. 31 $ Date Account Titles and Explanation Det Cred To record de som Hock dividend DOCE st (forecord de och dividend eTextbook and Medo