See Stock Dividend Daily Activity & Cornerstone 10.1 & 10.4 Cares For You Ltd. Is a service corporation that has been in business for 5 years. The equity portion of the balance sheet as of 12-31-17 is : Stockholders' Equity 12-31-17 Common stock - $20 par value, 100,000 shares authorized, 16,600 shares issued, and 14,800 shares outstanding. Additional paid-in capital - Common stock Retained earnings 332,000 132,800 183,400 648,200 (50,400) 597,800 Less: Treasury Stock Total Stockholders' Equity July 1, 2018, the company issued 1,200 shares for $33,600. October 1, 2018 the company declared a 10% stock dividend. The stock is currently trading at $29 per share. a) Make the journal entries for both stock entries Date Account Debit Credit The net income for 2018 was 68,200. b) Prepare the Stockholders Equity 12-31-18 Stockholders' Equity 12-31-18 July 1, 2019, the company issued 400 shares for $12,400. October 1, 2019 the company declared a 35% stock dividend. The stock is currently trading at $32 per share. c) Make the journal entries for both stock entries Date Account Debit Credit The net income for 2019 was 138,400. d) Prepare the Stockholders Equity 12-31-19 Stockholders' Equity 12-31-19