The stockholders' equity section of the balance sheet for Frazzle Dazzle Corporation on May 10, 2019, follows: (Click the icon to view the data.) On May 10, 2019, the market price of Frazzle Dazzle common stock was $15 per share. Frazzle Dazzle declared and distributed a 20% stock dividend on this date. Read the requirements. Requirement 1. Journalize the declaration and distribution of the 20% stock dividend. (Record debits first, then credits. Exclude explanations from any journal entries.) Journal Entry Date Accounts Debit Credit May 10 Requirement 2. Prepare the stockholders' equity section of the balance sheet after the stock dividend. (Enter the accounts in the proper order for the stockholders' equity section of the balance sheet. Use parentheses or a minus sign for numbers to be subtracted.) Balance Sheet (Partial) Stockholders' Equity: par, shares shares Total paid-in capital Choose from any list or enter any number in the input fields and then continue to the next question. The stockholders' equity section of the balance sheet for Frazzle Dazzle Corporation on May 10, 2019, follows: (Click the icon to view the data.) On May 10, 2019, the market price of Frazzle Dazzle common stock was $15 per share. Frazzle Dazzle declared and distributed a 20% stock dividend on this date. Read the requirements. Requirement 2. Prepare the stockholders equity section of the balance sheet after the stock dividend. (Enter the accounts in the proper order for the stockholders' equity section of the balance sheet. Use parentheses or a minus sign for numbers to be subtracted.) Balance Sheet (Partial) Stockholders' Equity: par, shares shares Total paid-in capital Total stockholders' equity Requirement 3. Why is total stockholders' equity unchanged by the stock dividend? The stock dividend did not change total stockholders' equity because the company gave its shareholders 1. The company merely Requirement 4. Suppose FD had a cash balance of $550,000 on May 11, 2019. What is the maximum amount of cash dividends the company can declare? FD's maximum cash dividends Choose from any list or enter any number in the input fields and then continue to the next question. holde $ paid- Stockholders' Equity Common stock, $0.75 par, 2,600,000 shares authorized, 200,000 shares issued Paid-in capital in excess of par-common Retained earnings Accumulated other comprehensive income (loss) 150,000 430,507 7,111,000 (170,000) Total Total stockholders' equity $ 7,521,507 uiremel stock di Print Done