Penguin Company has the following information regarding its common stock: $2.6 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 sharei Requiredt 1. Prepare the journal entries to record declaration and payment of this stock dividend. If an amount box does not require an entry, leave it blank. Aug. : Feedsace Check M wos 1: Small stock dividends are capitalized using the stock's market value, whie large shock dividends are capitalized at the stock's par value 2. Prepare the fournal entries to record declaration and payment assuming it was a 30% stock dividend. If an amount box does not require an entry, leave it biank: Aus Feestock * oreck Mow 2 Smali stock dividends are capitaized using the stock's morket value, while large stack dividends are capitalized at ine stock's par watue. Fedaback 2 more Check My Work uses temaining Penguin Company has the following information regarding its common stock: $2.6 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 sharei Requiredt 1. Prepare the journal entries to record declaration and payment of this stock dividend. If an amount box does not require an entry, leave it blank. Aug. : Feedsace Check M wos 1: Small stock dividends are capitalized using the stock's market value, whie large shock dividends are capitalized at the stock's par value 2. Prepare the fournal entries to record declaration and payment assuming it was a 30% stock dividend. If an amount box does not require an entry, leave it biank: Aus Feestock * oreck Mow 2 Smali stock dividends are capitaized using the stock's morket value, while large stack dividends are capitalized at ine stock's par watue. Fedaback 2 more Check My Work uses temaining