Please complete requirment 1 AND 2!! thanks

Pottery By Mae, Inc., is authorized to issue 800,000 shares of $10 par common stock. The company issued 70,000 shares at $12 per share, and all 70,000 shares are outstanding. When the market price of common stock was $22 per share, Pottery By Mae, Inc., declared and distributed a 10 percent stock dividend. Later, Pottery By Mae, Inc., declared and paid a $0.45 per share cash dividend. Requirements 1. Journalize the declaration and distribution of the stock dividend. 2. Journalize the declaration and the payment of the cash dividend. Requirement 1. Journalize the declaration and distribution of the stock dividend. (Record debits first, then credits. Exclude explanations from any journal entries.) Journal Entry Date Accounts Debi Credit