On May 1, Supreme Software Ltd has 82,000 common shares issued and outstanding Suppose Supreme distributes a 10% stock dividend on May 11 when the market price (fair value) of its shares is $10.00 per share. 1. Journalize Supreme's declaration of the shares dividend An explanation is not required 2 What was the overall effect of the stock dividend on Supreme's total assets? What about on its total liabilities and its total shareholders' equity? Requirement 1. Journalize Supreme'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 Supreme's total assets? What about on its total liabilities and its total shareholders' equity? The stock dividends have on total assets The stock dividends have on total liabilities The stock dividends have on total shareholders' equity lay Requirement 2. What was the overall effect of the stock dividend on Supreme's total ass The stock dividends have on total assets The stock dividends have liabilities a negative effect a positive effect The stock dividends have shareholders' equity. no effect Choose from any list or enter any number in the input fields and then continue to the