S14-2 Snowist Corp. has 10,000 common shares outstanding. Snowist distributes a 20 percent stock dividend when the market value of its shares is $18.00 per share. 1. Journalize Snowist's declaration of the stock dividend on September 30, 2020, and the distribution of the stock dividend on October 30, 2020. Explanations are not required. 2. What is the overall effect of the stock dividend on Snowist's total assets? On total shareholders' equity? 1 Recording a stock dividend 1. Dr Retained Earnings, $36,000