The stockholders' equity section of the balance sheet for Icy Pop Corporation on January 10, 2019, follows: (Click the icon to view the data.) On January 10, 2019, the market price of Icy Pop common stock was $16 per share. Icy Pop 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 Data table January 10 Stockholders' Equity II Common stock. $0.60 par. 3,000,000 shares authorized, 800,000 shares issued Paid-in capital in excess of par common $ 480,000 1,722,027 -X Retained earnings Requirements 7,000,000 (190,000) Accumulated other comprehensive income (loss) $ 9,012,027 Total stockholders' equity 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 Icy Pop had a cash balance f $540,000 on January 11, 2019. What is the maximum amount of cash dividends the company can declare? Print Done