Pacifica Papers Inc. needed to conserve cash, so instead of a cash dividend the board of directors declared a 10% common share dividend on June 30, 2023. distributable on July 15, 2023. Because performance during 2023 was better than expected, the company's board of directors declared a $030 per share cash dividend on November 15, 2023, payable on December 1, 2022 , to shareholders of record on November 30, 2023. The equity section of Pacifica's December 31, 2023, balance sheet showed. Required: 1. Journalize the declaration of the share dividend. The market prices of the shares were $14.20 on June 30.2023, and $15,80 on July 15, 2023, Assume share dividends account is used when dividends are declared. Journal entry worksheet