The stockholders' equity of Shoreside Occupational Therapy, Inc. on December 31, 2023, follows: (Click the loon to view the data.) (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, joumalize the declaration of the stock dividend. Date Accounts and Explanation Debit Credit Apr. 30 1 Data Table Stockholders' Equity Paid-In Capital: Common Stock-$3 Par Value; 1,100 shares authorized, 375 shares issued and outstanding $ 1,125 1,500 Paid-In Capital in Excess of Par-Common Total Paid-In Capital 2,625 128,000 Retained Earnings $ 130,625 Total Stockholders' Equity i More Info id On April 30, 2024, the market price of Shoreside's common stock was $18 per share and the company declared a 12% stock dividend. The stock was distributed on May 15. 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, 2024. Assume Retained Earnings are $128,000 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. The stockholders' equity of Shoreside Occupational Therapy, Inc. on December 31, 2023, follows: (Click the icon to view the data.) (Click the icon to show additional information.) Read the requirements. Date Accounts and Explanation Debit Credit Apr. 30