On May 1, Belleview Software Lod. has 86.000 common shares issued and outstanding. Suppose Belleview distributes a 11% stock dividend on May 11 when the market price (fair value) of its shares is $10.00 per share. 1. Joumalize Beleviews declaration of the shares dividend. An explanation is not required. 2. What was the overall effect of the stock dividend on Belleview's total assets? What about on its total abilities and its total shareholders' equity? Requirement 1. Joumalize Belleview's declaration of the shares dividend. An explanation is not required. (Record debits first, then credits. Explanations are not required.) Journal Entry Date Accounts Debit Credit May 11 Requirement 2. What was the overall effect of the stock dividend on Belleview's total assets? What about on its total abilities and is total shareholders' equity? The stock dividends have on total assets The stock dividends have on total liabilities on total shareholder' equity The stock dividends have