Stock Dividends The Stackholders' Equity section of Worthy Company's balance sheet as of January 1, 2017, appeared as follows Common stock, $10 par 40,000 shares issued and outstanding Additional paid-in capital Retained earnings Total stockholders' equity The following transactions occurred during 2017 $400,000 100,000 400,000 $900,000 a Declared a 10% stock dividend to common stockholders on January 15. At the time of the dividend, the common stock was selling for $30 per share. The stock dividend was to be issued to stockholders on Janua 30, 2017. b. Distributed the stock dividend to the stockholders on January 30, 2017. Required: 1. Identify and analyze the effect of each transaction. a. Declared a 10% stock dividend to common stockholders on January 15. At the time of the dividend, the common stock was selling for $30 per share. The stock dividend was to be issued to stockholders on January 30, 2017. Activity Accounts Statement(s) How does this entry affect the accounting equation? If a financial statement item is not affected, select "No Entry" and leave the amount box blank. If the effect on a financial statement item is negative, Le, a decrease, be sure to enter the answer with a minus sign