The stockholders' equity for Castaway, Inc., on December 31, 2017, follows: (Click the icon to view the stockholders' equity on December 31, 2017.) On July 31, 2018, the market price of Castaway's common stock was $16 per share and the company distributed a 20 percent stock dividend. Read the requirements Requirement 1. Journalize the distribution of the stock dividend. (Record debits first, then credits. Exclude explanations from any journal entries.) Journal Entry Date Accounts Credit Jul 31 Retained earnings 352,000 Common stock 22,000 Pald-in capital in excess of par-common 330,000 Debit Dalil in the halonna che far the curand north in the neth The stockholders' equity for Castaway, Inc., on December 31, 2017, follows: Click the icon to view the stockholders' equity on December 31, 2017 On July 31, 2018, the market price of Castaway's common stock was 516 per share and the company distributed a 20 percent stock dividend, Read the requirements Stockholders' Equity Paid-in capital The stockholders' equity for Castaway, Inc., on December 31, 2017, follows: (Click the icon to view the stockholders' equity on December 31, 2017.) On July 31, 2018, the market price of Castaway's common stock was $16 per share and the company distributed a 20 percent stock dividend. Read the requirements Requirement 1. Journalize the distribution of the stock dividend. (Record debits first, then credits. Exclude explanations from any journal entries.) Journal Entry Date Accounts Credit Jul 31 Retained earnings 352,000 Common stock 22,000 Pald-in capital in excess of par-common 330,000 Debit Dalil in the halonna che far the curand north in the neth The stockholders' equity for Castaway, Inc., on December 31, 2017, follows: Click the icon to view the stockholders' equity on December 31, 2017 On July 31, 2018, the market price of Castaway's common stock was 516 per share and the company distributed a 20 percent stock dividend, Read the requirements Stockholders' Equity Paid-in capital