Requirement 2. Prepare the stockholders' equity section of the balance sheet as of May 31, 2023. Assume Retained Earnings are $120,000 on April 30, 2024, before the stock dividend, and the only change made to Retained Earnings before preparing the balance sheet was closing the Stock Dividends account. Lakeside Occupational Therapy, Inc. Balance Sheet (Partial) May 31, 2024 Stockholders' Equity Data table - Paid-In Capital: Total Paid-In Capital Total Stockholders' Equity Requirements Stockholders' Equity Paid-In Capital: Common Stock-$1 Par Value; 1,200 shares authorized, 400 shares issued and outstanding $ 400 1,600 Paid-In Capital in Excess of Par-Common Total Paid-In Capital 2,000 120,000 Retained Earnings Total Stockholders' Equity 122,000 More info 1. Journalize the declaration and distribution of the stock dividend. 2. Prepare the stockholders' equity section of the balance sheet as of May 31, 2024. Assume Retained Earnings are $120,000 on April 30, 2024, before the stock dividend, and the only change made to Retained Earnings before preparing the balance sheet was closing the Stock Dividends account. On April 30, 2024, the market price of Lakeside's common stock was $16 per share and the company declared a 13% stock dividend. The stock was distributed on May 15. -