$ Stockholders' Equity Common stock, $0.35 par, 3,200,000 shares authorized, 500,000 shares issued Paid-in capital in excess of par-common Retained earnings Accumulated other comprehensive income (loss) Total stockholders' equity 175,000 1,076,267 7,111,000 (180,000) $ 8,182,267 1. Journalize the declaration and distribution of the stock dividend. 2. Prepare the stockholders' equity section of the balance sheet after the stock dividend. 3. Why is total stockholders' equity unchanged by the stock dividend? 4. Suppose Frazzle Dazzle had a cash balance of $570,000 on September 13, 2019. What is the maximum amount of cash dividends the company can declare? The stockholders' equity section of the balance sheet for Frazzle Dazzle Corporation on September 12, 2019, follows: E: (Click the icon to view the data.) On September 12, 2019, the market price of Frazzle Dazzle common stock was $16 per share. Frazzle Dazzle declared and distributed a 10% stock dividend on this date. Read the equirements Requirement 1. Journalize the declaration and distribution of the 10% stock dividend. (Record debits first, then credits. Exclude explanations from any journal entries.) Journal Entry Date Accounts Debit Credit September 12