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42 of 42 (42 complete) The stockholders' equity section of the balance sheet for Sweet Treats Corporation on April 12, 2019, follows: Eff (Click the Icon to view the data.) On April 12, 2019, the market price of Sweet Treats common stock was $20 per share. Sweet Treats declared and distributed a 15% stock dividend on this data. Read the requirements. Requirement 1. Journalize the declaration and distribution of the 15% stock dividend. (Record debits first, then credits. Exclude explanations from any toumel ertries.) Journal Entry Date Accounts Debit Credit April 12 Retained Earnings 24000 Paid-in Capital in Excess of Par-Common 240DD Requirement 2. Prepare the stockholders' equity section of the balance sheet after the stock dividend. (Enter the accounts in the proper order for the stockholders' equity section of the balance street Use parentheses or a minus sign for numbers to be subtract Balance Sheet (Partial) Stockholders' Equity: Common stock, $ 0.2 per, 200000 shares authorized, 800000 shares authorized. 160240 Data Table X Paid-in capital in excess of par-common 1722027 Total paid-in capita Retained earnings 726080 Stockholders' Equity Accumulated other comprehensive income (loss) 200000 Common stock, $3.28 par, 2 500, DOD stares Total stockholders' equity authorized, 830,503 shares issued 160.060 Requirement 3. Why Is total stockholders' equity unchanged by the stock dividend? Paic-in capital in excess of par-common 1,722 027 Retained samings The stock dividend did not change total stockholders' equity because the company gave Its shareholders a promissory note . The company merely age Accumulated other comprehensive income (089) (200,030; Requirement 4. Suppose ST had a cash balance of $620,000 on April 13, 2019. What is the maximum amount of cash dividends the company can recl Total stockholders equity B 682,027 ST's maximum cash dividends cannot exceed the balance in the Cash account, $620,000 Print Done