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The stockholders' equity section of the balance sheet for Frozen Yogurt Corporation on October $14,2022,$ follows:

$($Click the icon to view the data.$)$

On October $14,2022,$ the market price of Frozen Yogurt common stock was $$15$ per share. Frozen Yogurt declared and distributed a $16\%$ stock dividend on this date.

Read the requirements.

Requirement $1.$ Journalize the declaration and distribution of the $16\%$ stock dividend. $($Record debits first, th Journal Entry

$\backslash$table$[[$Stockholders$\text{'}$ Equity$],[$Common stock, $$0\mathrm{.}30$ par, $2,200,000$ shares,$],[$authorized$,200,000$ shares issued,$$10,000$