The stockholders' equity section of the balance sheet for Perfect Desserts Corporation on August 14, 2019, follows: (Click the icon to view the data.) On August 14, 2019, the market price of Perfect Desserts common stock was $18 per share. Perfect Desserts declared and distributed a 16% stock dividend on this date Read the requirements Requirement 1. Joumalize the declaration and distribution of the 16% stock dividend. (Record debits first, then credits Exclude explanations from any journal entries.) Journal Entry Date Accounts Debit Credit August 14 Retained Earnings 1152000 Common Stock 25600 Paid in Capital in Excess of Par-Common 1126400 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) Choose from any list or enter any number in the input fields and then continue to the next question. i Data Table ch $ Stockholders' Equity Common stock, $0.40 par, 2,300,000 shares authorized, 400,000 shares issued Paid-in capital in excess of par-common Retained earnings Accumulated other comprehensive income (loss) 160,000 861,013 7,500,000 (220,000) Total stockholders' equity $ 8,301,013