Question 1 of 6 View Policies Show Attempt History Current Attempt in Progress 5.83/15 Blossom Corporation was organized on January 1, 2021. During its first year, the corporation issued 1,950 shares of $50 par value preferred stock and 107.000 shares of $10 par value common stock. At December 31, the company declared the following cash dividends: 2021, $5.100; 2022, $14,100; and 2023, $27,500. Journalize the declaration of the cash dividend at December 31, 2023, under part (b). (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Date Account Titles and Explanation Dec. 31 eTextbook and Media List of Accounts Save for Later Debit Credit Attempts: 0 of 3 used Submit Amer View Policies Show Attempt History Current Attempt in Progress On October 1, Wildhorse Corporation's stockholders' equity is as follows. Common stock, $7 par value $539,700 Paid-in capital in excess of par-common stock 27,000 Retained earnings 173,000 Total stockholders' equity $739,700 75/15 On October 1, Wildhorse declares and distributes a 10% stock dividend when the market price of the stock is $15 per share. (a) (b) Attempts: 1 of 3 used Indicate the balances in the three stockholders' equity accounts after the stock dividend shares have been distributed Common stock $ Paid-in capital in excess of par value $ Retained earnings $ eTextbook and Media Save for Later MacBook Pro Attempts: 0 of 3 used Submit Answer