please answer in excel

X Requirements 1. Journalize the declaration and distribution of the stock dividend 2. How many shares of common stock are outstanding after the dividend? Print Done Billy, Inc. had 280,000 shares of $3 par value common stock issued and outstanding as of July 15, 2018. The company is authorized to issue 1,400,000 common shares. On July 15, 2018, Billy declared a 35% stock dividend when the market value for Billy's common stock was $4 per share. The stock was issued on Jul. 30 Read the requirements