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On March 31, 2021, PORO, Inc. declared a 10% stock dividend of its 100,000 $1 par value shares of outstanding stock to be distributed on

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On March 31, 2021, PORO, Inc. declared a 10% stock dividend of its 100,000 $1 par value shares of outstanding stock to be distributed on April 15, 2021. As of March 31, 2021, the company had retained earnings of $1,000,000. At the time of declaration, the stock was trading at $12.25 per share. (5 points) General Journal Debt Credit

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