The stockholders' equity section of the balance sheet for Dairy Top Corporation on July 10, 2019, follows: (Click the icon to view the data.) On July 10, 2019, the market price of Dairy Top common stock was $14 per share. Dairy Top declared and distributed a 9% stock dividend on this date. Read the requirements. Requirement 1. Journalize the declaration and distribution of the 9% stock dividend. (Record debits first, then credits. Exclude explanations from any journal entries.) Journal Entry Accounts Date Debit Credit July 10 Data Table Stockholders' Equity Common stock, $0.20 par, 2,300,000 shares authorized, 700,000 shares issued Paid-in capital in excess of par-common Retained earnings $ 140,000 1,506,773 7,250,000 (205,000) Accumulated other comprehensive income (loss) Total stockholders' equity $ 8,691,773 er. 1 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 Top had a cash balance of $600,000 on July 11, 2019. What is the maximum amount of cash dividends the company can declare