Owen Communications, Inc., began 2018 with 280,000 shares of $1 par common stock issued and outstanding. Beginning Paid-in capital in excess of parcommon was $620,000, and retained earnings was $820,000. In March 2018, Owen Communications, Inc., issued 20,000 shares of stock at $16 per share. In October, when the stock's market price was $19 per share, the board of directors distributed a 10 percent stock dividend. Read the requirements. Requirement 1. Make the journal entries for the issuance of stock for cash and for the declaration and distribution of the 10 percent stock dividend. (Record debits first, then credits. Exclude explanations from any journal entries.) Record the issuance of common stock for cash. Journal Entry Date Accounts Debit Credit Mar Record the declaration and distribution of the stock dividend. Journal Entry Date Accounts Debit Credit Oct Requirement 2. Prepare the company's statement of stockholders' equity for the year ended December 31, 2018. (Enter the labels in chronological order. Use parentheses or a minus sign when subtracting numbers. For accounts with a $0 balance, leave the cell blank. Do not enter a "0".) Owen Communications, Inc. Statement of Stockholders' Equity Year Ended December 31, 2018 Additional Common paid-in Retained stock capital earnings Total