Problem 2(20%) Davis Inc. is authorized to issue 100,000 shares of $3 par common stock. The company issued 44,000 shares at $5 per share. When the market price of common stock was $7 per share, Harris declared and distributed a 10% stock dividend. Later, Harris declared and paid a $0.15 per share cash dividend. NSTRUCTIONS: a) Journalize the declaration and the distribution of the stock dividend. b) Journalize the declaration and the payment of the cash dividend