transcript The stockholders' equity for Pondwood, Inc., on December 31, 2017, follows: (Click the icon to view the stockholders' equity on December 31, 2017.) On March 31, 2018, the market price of Pondwood's common stock was $10 per share and the company distributed a 15 percent stock dividend. Read the requirements Requirement 1. Journalize the distribution of the stock dividend. (Record debits first, then credits. Exclude explanations from any journal entries.) Journal Entry Accounts Date Mar 31 Retained earnings Common stock Debit Credit