The stockholders' equity section of the balance sheet for Dairy Heaven Corporation on August 12, 2019, follows: Click the icon to view the data.) On August 12, 2019, the market price of Dairy Heaven common stock was $17 per share. Dairy Heaven declared and distributed a 5% stock dividend on this date. Read the requirements Requirement 1. Journalize the declaration and distribution of the 5% stock dividend. (Record debits first, then credits. Exclude explanations from any journal entries) Journal Entry Accounts Debit Date August Credit 12 Requirements 1. Journalize the declaration and distribution of the stock dividend. 2. Prepare the stockholders' equity section of the balance sheet after the stock dividend. 3. Why is total stockholders' equity unchanged by the stock dividend? 4. Suppose Dairy Heaven had a cash balance of $600,000 on August 13, 2019. What is the maximum amount of cash dividends the company can declare? AC $ Stockholders' Equity Common stock, $0.60 par, 2,400,000 shares authorized, 400,000 shares issued Paid-in capital in excess of par-common Retained earnings Accumulated other comprehensive income (loss) Total stockholders' equity 240,000 861,013 7,111,000 (200,000) 8,012,013