Sammy, Inc. had 280,000 shares of $3 par value common stock issued and outstanding as of May 15, 2024. The company is authorized to issue 1,800,000 common shares. On May 15, 2024, Sammy declared a 50% stock dividend when the market value for Sammy's common stock was $4 per share. The stock was issued on May. 30. Read the requirements. Requirements 1. Journalize the declaration and distribution of the stock dividend. 2. How many shares of common stock are outstanding after the dividend