RAVEN COMPANY Partial Balance Sheet Common stock, $$10$ par $$300,000\mathrm{.}00$ Additional paid$-$in capital on common stock $200,000\mathrm{.}00$ Retained earnings $200,000\mathrm{.}00$ $$700,000\mathrm{.}00$ Raven is considering the declaration and issuance of a stock dividend at a time when the market price is $$25$ per share. Required: $1.$ Assuming the board of directors recommends a $6\%$ stock dividend $,$ prepare: athe journal entry at the date of declaration b$.$ the journal entry at the date of issuance shareholders equity after the issuance $2.$ Assuming instead $,$ that a $50\%$ stock dividend is recommended $,$ answer a$,$ b $,$ and c of Requirement $1.$