Score: 0 of 12 pts Save E8-27 (similar to) 12 of 13 (11 complete) HW Score: 84.18%, 100.17 of 119 pt Question Help The shareholders' equity for Silver Screen Cinemas Ltd. (SSC) (adapted) at December 31, 2019, appears as follows: (Click the icon to view the shareholders' equity.) On April 15, 2020, the market price of SSC common shares was $19 per share. Assume SSC declared a 11% stock dividend on this date and distributed the stock dividend on April 30 Requirements Requirement 1. Journalize the declaration and distribution of the stock dividend. (Record debits first, then credits. Explanations ar Shareholders' equity First record the journal entry for the declaration of the stock dividend on April 15, 2020. Journal Entry Date Requirements Shareholders' Equity Common shares 2,000,000 shares authorized 675.000 shares outstanding Apr. 15 $ 2.000.000 7.300,000 Retained earnings $ 9.300.000 Total shareholders equity 1. Journalize the declaration and distribution of the stock dividend. 2. Prepare the shareholders' equity section of the balance sheet after the stock dividend 3. Why is total shareholders' equity unchanged by the stock dividend? 4. Suppose SSC had a cash balance of $550,000 on April 16, 2020. What is the maximum amount of cash dividends SSC can declare? Print Done Choose from any list or ente Check Answer Print Done 4 parts remaining ENG 5:24 PM US7/18/2021 25C Mostly sunny ^OOD Type here to search