Oriole Company has 41,000 shares of $11 par value common stock outstanding. It declares a 14% stock dividend on December 1 when the market price per share is $19. The dividend shares are issued on December 31 Prepare the entries for the declaration and issuance of the stock dividend. (Record journal entries in the order presented in the problem. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select '"No Entry" for the account titles and enter 0 for the amounts.) Date Account Titles and Explanation Debit Credit Dec. 1 Stock Dividends 779000 Common Stock Dividends Distributable 451000 Paid-in Capital in Excess of Par-Common Stock 328000 Dec. 31 Common Stock Dividends Distributable 451000 Common Stock 451000