The stockholders' equity section of the balance sheet for Frozen Yogurt Corporation on July $14,2022,$ follows:

$($Click the icon to view the data.$)$

On July $14,2022,$ the market price of Frozen Yogurt common stock was $$15$ per share. Frozen Yogurt declared and distributed a $10\%$ stock dividend on this date.

Read the requirements.

Requirement $1.$ Journalize the declaration and distribution of the $10\%$ stock dividend. $($Record debits first, then credits. Exclude explanations from any journal entries $)$

Balance Sheet $($Partial$)$

Stockholders' Equity:

$$ shares

$$1\backslash$lceil $$ par, $$ shares $$

$$

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 $$ The company merely

Requirement $4.$ Suppose FY had a cash balance of $$500,000$ on July $15,2022.$ What is the maximum amount of cash dividends the company can declare?

FY$\text{'}$s maximum cash dividends $$

Data table

$\backslash$table$[[$Stockholders$\text{'}$ Equity$],[$Common stock, $$0\mathrm{.}70$ par, $3,000,000$ shares,,$],[$authorized$,200,000$ shares issued,$$,140,000],[$Paid$-$in capital in excess of par$-$common,,$430,507,$