The stockholders' equity of Poolside Occupational Therapy, Inc. on December 31, 2024, follows: View the stockholders' equity. On April 30, 2025, the market price of Poolside Occupational Therapy, Inc.'s common stock was $12 per share and the company declared a 15% stock dividend. The stock was distributed on May 15 Read the requirements. Requirement 1. Journalize the declaration and distribution of the stock dividend (Record debits first, then credits Select the explanation on the last line of the journal entry table) First, journalize the declaration of the stock dividend lator Date Accounts and Explanation Apr. 30 Stock Dividends Common Stock Dividend Distributable Paid-In Capital in Excess of Par-Common Declared a 15% stock dividend Debit Credit 1,800 150 L Clear all Check answer Stockholders' Equity Paid-In Capital: Stockholders' Equity Common Stock-$1 Par Value; 2,100 shares authorized, 1,000 shares issued and outstanding $ 1,000 Paid-In Capital in Excess of Par-Common 4,000 Total Paid-In Capital Retained Earnings Total Stockholders' Equity 5,000 122,000 $ 127,000 Print Done -X Requirements 1. Journalize the declaration and distribution of the stock dividend 2. Prepare the stockholders' equity section of the balance sheet as of May 31, 2025. Assume Retained Earnings are $122,000 on April 30, 2025, before the stock dividend, and the only change made to Retained Earnings before preparing the balance sheet was closing the Stock Dividends account Print Done -