Poolboy Water Sports has 10,000 shares of $1 par value common stock outstanding. Poolboy distributes a 15% stock dividend when the market value of its stock is $22 per share. Read the requirements. Requirement 1. Journalize Poolboy's declaration of the stock dividend on July 15 and distribution on July 31 . (Record debits first, then credits. Select the explanation on the last line of the jeurnal entry table.) Start by journalizing the declaration of the stock dividend on July 15 . Requirements 1. Journalize Poolboy's declaration of the stock dividend on July 15 and distribution on July 31. 2. What is the overall effect of the stock dividend on Poolboy's total assets? 3. What is the overall effect on total stockholders' equity