The stockholders' equity section of the balance sheet for Frazzle Dazzle Corporation on September 11, 2019, follows: E: (Click the icon to view the data.) On September 11, 2019, the market price of Frazzle Dazzle common stock was $18 per share. Frazzle Dazzle declared and distributed a 9% stock dividend on this date. Read the requirements 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 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 Frazzle Dazzle had a cash balance of $570,000 on September 12, 2019. What is the maximum amount of cash dividends the company can declare? Date Accounts Debit Credit September 972.000 11 Retained Earnings Common Stock Paid-in Capital in Excess of ParCommon 43,200 928.800 Print Done Done 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: Common stock X Data Table 3,000,000 shares authorized, $ 0.80 par, issued and outstanding. 654,000 shares Paid-in capital in excess of par-common Total paid-in capital Retained earnings Accumulated other comprehensive income (loss) Stockholders' Equity Common stock, $0.80 par, 3,000,000 shares authorized, 600,000 shares issued Paid-in capital in excess of par-common Retained earnings $ 480,000 1,291,520 Total stockholders' equity 7,177,000 (220,000) Accumulated other comprehensive income (loss) $ 8,728.520 Total stockholders' equity Print Done