Sammy, Inc. had 40.000 shares of $1 par value common stock issued and outstanding as of August 15, 2018. The company is authored to issue 1.300,000 common shares. On August 15, 2018 Sarmy declared a 50% stock dividend when the market value for Sammy's common stock was $7 per share. The stock was issued on Aug 30 Requirement 1. Journalize the declaration and dirbution of the stock dividend. (Record debess, then credits Select the explanation on the last line of the journal entry table) Start by journaling the declaration of the stock dividend Date Accounts and Explanation Debat Credit A 15 Requirements 1 Journalize the declaration and distribution of the stock dividend 2. How many shares of common stock are outstanding her the dividend? Now on the distribution of the stock dividend Date Accounts and Explanation Debit Crede Done Aug Resuirement Haw shares of common we outstanding the