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:3 Question Help E13-30 (similar to) Artistic Schools, Inc. is authorized to issue 200,000 shares of $2 par common stock. The company issued 74,000 shares at $6 per share. When the market price of common stock was $8 per share, Artistic declared and distributed a 6% stock dividend. Later, Artistic declared and paid a $0.25 per share cash dividend. Read the requirements Requirement 1. Journalize the declaration and the distribution of the stock dividend. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) First, journalize the declaration of the stock dividend. Date Accounts and Explanation Debit Credit Requirements - X 1. Journalize the declaration and the distribution of the stock dividend. 2. Journalize the declaration and payment of the cash dividend. Print Done