The stockholders' equity section of the balance sheet for Frazzle Dazzle Corporation on August 11, 2019, follows: (Click the icon to view the data.) On August 11, 2019, the market price of Frazzle Dazzle common stock was $19 per share. Frazzle Dazzle declared and distributed a 25% stock dividend on this date. Read the requirements. Requirement 1. Journalize the declaration and distribution of the 25% stock dividend. (Record debits first, then credits. Exclude explanations from any journal entries.) Journal Entry Date Accounts Debit Credit August 11 Retained Earnings 950,000 Common Stock 30,000 Paid-in Capital in Excess of ParCommon 920,000 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 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 Stockholders' Equity Common stock, $0.60 par, 2,500,000 shares authorized, 200,000 shares issued Paid-in capital in excess of parcommon 120,000 430,507 7,250,000 (195,000) Retained earnings Accumulated other comprehensive income (loss) Total stockholders' equity $ 7,605,507