Sheridan Company has 48,000 shares of $10 par value common stock outstanding. It declares a 10% stock dividend on December 1 when the market price per share is $17. The dividend shares are issued on December 31 . Prepare the entries for the declaration and issuance of the stock dividend. (Recond journal entries in the order presented in the problem. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the occount titles and enter 0 for the amounts.)