Problem 10: The Company declared a 10% stock dividend on 100,000 shares of $10 par value stock on April 15, 20XX for those owning stock as of May 1, 2020. On June 1, 2020 the company distributed the stock dividend. At the time of declaration, the company's stock was trading at $24.50 on the open market. Use the following table showing the equity accounts to record the necessary journal entries related to the declaration and distribution of the stock dividend: (15 points) Common Stock, $10 Par Value Preferred Stock, $100 Par Value Paid-in Capital in Excess of Par Value, Common Stock Retained Earnings Treasury Stock 2020 $1,000,000 500,000 2,000,000 1,500,000 (500,000) 2019 $ 1,000,000 350,000 2,000,000 1,000,000 (500,000) I General Journal Debit Credit