The stockholders' equity for Pondwood, Inc., on December 31, 2017, follows: (Click the icon to view the stockholders' equity on December 31, 2017.) On January 31, 2018, the market price of Pondwood's common stock was $13 per share and the company distributed a 10 percent stock dividend. Read the requirements. Data table Stockholders' Equity Paid-in capital: Requirement 1. Journalize the distribution of the stock dividend. (Record debits first, then credits. Exclude explanations from any journal entries.) Journal Entry Common stock, $1 par, 600,000 shares authorized, 50,000 issued and outstanding $ 50,000 250,000 Date Jan 31 Accounts Debit Credit Paid-in capital in excess of par-common Total paid in capital 300,000 Requirement 2. Prepare the stockholders' equity section of the balance sheet after the stock dividend. (Enter the accounts and labels in the proper order for the stockholders' equity Stockholders' Equity Retained earnings Total stockholders' equity 160,000 460,000 Print Done Paid-in capital: Requirements 1. Journalize the declaration and distribution of the stock dividend. 2. Prepare the stockholders' equity section of the balance sheet after the stock dividend. Print Done