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The stockholders' equity for Lakeville, Inc., on December 31, 2017, follows: (Click the icon to view the stockholders' equity on December 31, 2017.) On January 31, 2018, the market price of Lakeville's common stock was $13 por share and the company distributed a 20 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 Accounts Date Debit Credit Data tab Jan 31 Paid-in ca Com 60 Paid ad To - Data table Stockholders' Equity Paid-in capital: Common stock, $1 par, 450,000 shares authorized, 60,000 issued and outstanding Paid-in capital in excess of par-common Total paid in capital $ 60,000 540,000 600,000 160,000 Retained earnings $ $ 760,000 Total stockholders' equity Print Done The stockholders' equity TUI (Click the icon to view the stockholders' equity on December 31, 2017.) On January 31, 2018, the market price of Lakeville's common stock was $13 per share and the company distributed a 20 pe Read the requirements Requirement 1. Journalize the distribution of the stock dividend. (Record debits first, then credits. Exclude explanations fron Journal Entry Date Accounts Debit Credit Jan 31 Cash Common stock Paid-in capital in excess of par-common Retained earnings