The stockholders' equity of Lakewood Occupational Therapy, Inc on December 31, 2017, follows (Click the icon to view the data.) i (Cick the icon to show additional information) Read the requirements Requirement 1. Journalize the declaration and distribution of the stock dividend (Record debits frst, then credits S Data Table - X First, journalize the declaration of the stock dividend Date Accounts and Explanation Debit Credit Stockholders' Equity Retained Eamings Apr 30 Paid-in Capital Common Stock Dividend Distributable Common Stock-$3 Par Value, 1,100 shares Paid-In Capital in Excess of Par-Common authorized, 500 shares issued and outstandng 1,500 2000 Pad-In Capital in Excess of Par-Commond Declared a 10 % stock dividend Total Paid-In Capital 3.500 126,000 Retained Eamings - X More Iefo 129,500 Total Stockholders Equity Done Print On April 30, 2018, the market price of Lakewood's common stock was $12 per share and the company declared a 10% stock dividend The stock was distributed on May 15