Question 4 On January 1, 2017, Sheffield Limited had 1,244,000 of ordinary shares outstanding that were issued at par. It also had retained earnings of 751,500. The company issued 42,000 ordinary shares at par on July 1 and earned net income of 401,800 for the year. Journalize the declaration of a 15% share dividend on December 10, 2017, for the following independent assumptions. (Round final answers to the nearest whole dollar, e.g. 5,275. Credit account titles are automatically indented when amount is entered. Do not indent manually.) (a) (b) Par value is 8, and market price is 19. Par value is 5, and market price is 20. No. Account Titles and Explanation Debit Credit (a) (b)