Requirement 1. Journalize the declaration and distribution of the 16% stock dividend. (Record debits first, then credits. Exclude explanations from any journal entries.) Journal Entry Date Accounts September 12 (1) Debit Credit Paper size Letter Print (2) (3) (4) Requirement 2. Prepare the stockholders' equity section of the balance sheet after the stock dividend. (Enter the accounts in the proper order for the stockholders' equity section of the balance sheet. Use parentheses or a minus sign for numbers to be subtracted.) Balance Sheet (Partial) Stockholders' Equity: |(5) |(8) par, shares (6) shares (7) Total paid-in capital (9) (10) Total stockholders' equity Requirement 3. Why is total stockholders' equity unchanged by the stock dividend? The stock dividend did not change total stockholders' equity because the company gave its shareholders (11). .The company merely (12)- Requirement 4. Suppose IP had a cash balance of $575,000 on September 13, 2019. What is the maximum amount of cash dividends the company can declare? IP's maximum cash dividends (13) 1: Data Table Stockholders' Equity Common stock, $0.80 par, 3,200,000 shares authorized, 200,000 shares issued Paid-in capital in excess of par-common Retained earnings Accumulated other comprehensive income (loss) Total stockholders' equity $ 160,000 430,507 7,250,000 (215,000) $ 7,625,507