The stockholders' equity of Shoreside Occupational Therapy, Inc. on December 31, 2023, follows: E (Click the icon to view the data.) A (Click the icon to show additional information.) 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. - X Data table Date Accounts and Explanation Debit Credit Apr. 30 Stockholders' Equity Paid-In Capital: Common Stock-$1 Par Value; 1,450 shares authorized, 500 shares issued and outstanding S 500 2,000 Paid-In Capital in Excess of Par-Common Total Paid-In Capital 2,500 125,000 More info Retained Earnings 127,500 Total Stockholders' Equity On April 30, 2024, the market price of Shoreside's common stock was $15 per share and the company declared an 11% stock dividend. The stock was distributed on May 15. Print Done Print Done