Sammy, Inc. had 360,000 shares of $1 par value common stock issued and outstanding as of July 15,2024 . The company is authorized to issue 1,400,000 common shares. On July 15,2024 , Sammy declared a 50% stock dividend when the market value for Sammy's common stock was $5 per share. The stock was issued on Jul. 30. Read the requirements Requirement 1. Journalize the declaration and distribution of the stock dividend. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Start by journalizing the declaration of the stock dividend. Now journalize the distribution of the stock dividend Requirement2. How many shares of common stock are outstanding after the dividend? The number of shares of common stock outstanding after the dividend =