Self-Defense Schools, Inc. is authorized to issue 200,000 shares of $2 par common stock. The company issued 70,000 shares at $5 per share. When the market price of common stock was $7 per share, Self-Defense Schools declared and distributed a 5% stock dividend. Later, Self-Defense Schools declared and paid a $0.70 per share cash dividend. Read the requirements Requirement 1. Joumalize the declaration and the distribution of the stock dividend. (Record debits first, then credits. Select the explanation on the last line of the joumal entry table.) First, journalize the declaration of the stock dividend. Date Accounts and Explanation Debit Credit Requirements 1. Journalize the declaration and the distribution of the stock dividend. 2. Journalize the declaration and payment of the cash dividend. Now journalize the distribution of the stock dividend. Date Accounts and Explanation Debit Credit Print Done Requirement 2. Joumalize the declaration and payment of the cash dividend. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Begin by journalizing the declaration of the cash dividend. Date Accounts and Explanation Debit Credit Choose from any list or enter any number in the input fields and then continue to the next