Splash N' Slide Water Sports has 14,000 shares of $2 par value common stock outstanding. Splash N' Slide distributes a 5% stock dividend when the market value of its stock share. $24 per Read the requirements Requirement 1. Journalize Splash N' Slide's declaration of the stock dividend on August 15 and distribution on August 31. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Start by journalizing the declaration of the stock dividend on August 15. Accounts and Explanation Date Debit Credit Aug. 15 Now journalize the distribution the stock dividend on August 31. Debit Date Accounts and Explanation Credit Aug. 31 Requirement 2. What is the overall effect of the stock dividend on Splash N' Slide's total assets? Von total assets. The stock dividends have Requirement 3. What is the overall effect on total stockholders' equity? on total stockholders' equity. The stock dividends have