The stockholders' equity of Lakeshore Occupational Therapy, Inc. on December $31,2023,$ follows:

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Read the requirements.

Requirement $1.$ Journalize the declaration and distribution of the stock dividend. $($Record debits first, then credits

First, journalize the declaration of the stock dividend.

Now journalize the distribution of the stock dividend.

Requirements

Journalize the declaration and distribution of the stock dividend.

Prepare the stockholders' equity section of the balance sheet as of May $31,$

Assume Retained Earnings are $$127,000$ on April $30,2024,$ before the

stock dividend, and the only change made to Retained Earnings before

preparing the balance sheet was closing the Stock Dividends account.

Data table

i dont understand how they got $84$