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The stockholders' equity section of the balance sheet for Sweet Treats Corporation on September 13, 2019, follows: (Click the icon to view the data.) On

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The stockholders' equity section of the balance sheet for Sweet Treats Corporation on September 13, 2019, follows: (Click the icon to view the data.) On September 13, 2019, the market price of Sweet Treats common stock was $20 per share, Sweet Treats declared and distributed a 9% stock dividend on this date. Read the requirements Requirement 1. Journalize the declaration and distribution of the 9% stock dividend. (Record cubits first, then credits. Exciudo explanation from any journal entries Journal Entry Date Accounts Debit Credit September 13 rements 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 Sweet Treats had a cash balance of $500,000 on September 14, 2019. What is the maximum amount of cash dividends the company can declare? Print Done Data table Stockholders' Equity Common stock, $0.70 par, 2,800,000 shares $ authorized, 700,000 shares issued Paid-in capital in excess of par--common Retained earnings Accumulated other comprehensive income (loss) 490,000 1,506,773 7,000,000 (205,000) $ 8.791,773 Total stockholders' equity Print Done

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