The stockholders' equity section of the balance sheet for Heavenly Desserts Corporation on April 16, 2022, follows: (Click the icon to view the data.) On April 16, 2022, the market price of Heavenly Desserts common stock was $15 per share. Heavenly Desserts declared and distributed a 15% stock dividend on this date. Read the requirements. Requirement 1. Journalize the declaration and distribution of the 15% stock dividend. (Record debits first, then credits. Exclude explanations from any journal entries.) Date April 18 Journal Entry Accounts Debit Credit 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 subtracted.) Balance Sheet (Partial) Stockholders' Equity shares Total paid-in capital par shares 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 HD had a cash balance of $590,000 on April 17, 2022. What is the maximum amount of cash dividends the company can declare? HD's maximum cash dividends 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 Heavenly Desserts had a cash balance of $590,000 on April 17, 2022. What is the maximum amount of cash dividends the company can declare? Print Done