Penguin Company has the following information regarding its common stock: $11 par, with 300,000 shares authorized, 132,000 shares issued, and 130,600 shares outstanding. On August 22 , Penguin declared and paid a 15% stock dividend when the market price of the common stock was $28 per share. Required: 1. Prepare the journal entries to record declaration and payment of this stock dividend. If an amount box does not require an entry, le: blank. 2. Prepare the journal entries to record declaration and payment assuming it was a 30% stock dividend. If an amount box does not req an entry, leave it blank. Aug. 22