The stockholders' equity section of the balance sheet for Rightwell Corporation on August 16, 2022, follows K(Click the icon to view the data) On August 16, 2022, the market price of Rightwell common stock was $18 per share. Rightwell 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 Date Accounts August 16 Retained Earnings Common Stock Debit Credit 1,440,000 Paid-in Capital in Excess of Par-Common 56,000 1,384,000 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) Balance Sheet (Partial) Stockholders' Equity shares Total paid-in capital Total stockholders' equity par shares uity section of the balance sheet for Rightwell Corporation on August 16, 2022, follows: view the data.) the market price of Rightwell common stock was $18 per share. Rightwell declared and distributed a 10 ts. rnalize th Data table -X kclu Stockholders' Equity tained Ea Common stock, $0.70 par, 2,100,000 shares Common authorized, 800,000 shares issued $ 560,000 Paid-in C Paid-in capital in excess of par-common Retained earnings 1,722,027 7,100,000 epare the eses or a Accumulated other comprehensive income (loss) (190,000) s in Total stockholders' equity $ 9,192,027 rtial) uity: shares tal holders' equity Print Done Requirements nt bar 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 Rightwell had a cash balance of $570,000 on August 17, 2022. What is the maximum amount of cash dividends the company can declare?