* Shareholders' equity X Shareholders' Equity Common shares. 2,000,000 shares authorized, 525,000 shares outstanding Retained earnings Total shareholders' equity $ 1,800,000 7,200,000 $ 9,000,000 Print Done The shareholders' equity for Masterplece Cinemas Ltd. (MC) (adapted) at December 31, 2019, appears as follows: Click the icon to view the shareholders' equity) On April 15, 2020, the market price of MC common shares was $19 per share. Assume MC declared a 12% 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 are not required.) First record the journal entry for the declaration of the stock dividend on April 15, 2020 Journal Entry Accounts Debit Credit Date Apr, 15

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