please explain!

The stockholders' equity for Seaside, Inc., on December 31, 2017, follows: (Click the icon to view the stockholders' equity on December 31, 2017.) On June 30, 2018, the market price of Seaside's common stock was $12 per share and the company distributed a 10 percent stock dividend. Read the requirements Requirement 1. Journalize the distribution of the stock dividend. (Record debits first, then credits. Exclude explanations from any journal entries.) Journal Entry Date Accounts Debit Credit Jun 30 Data Table - end. Stockholders' Equity Paid-in capital: Common stock, $1 par, 600,000 shares authorized, 110,000 issued and outstanding Paid-in capital in excess of par-common Total paid in capital $ 110,000 440,000 550,000 300,000 Retained earnings $ Total stockholders' equity 850,000 Print Done