The stockholders' equity section of the balance sheet for Icy Pop Corporation on August 14, 2019, follows: (Click the icon to view the data.) On August 14, 2019, the market price of Icy Pop common stock was $16 per share. Icy Pop 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.) Journal Entry Accounts Date Debit Credit August 14 Data Table Stockholders' Equity Common stock, $0.60 par, 2,600,000 shares authorized, 400,000 shares issued $ Requirements Paid-in capital in excess of par-common Retained earnings 240,000 861,013 7,000,000 (200,000) Accumulated other comprehensive income (loss) Total stockholders' equity $ 7,901,013 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 of $540,000 on August 15, 2019. What is the maximum amount of cash dividends the company can declare? Print Done Print Done Choose from any list or enter any number in the input fields and then click Check Answer. 3 parts Clear All Check Answer remaining