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Belvedere Bancshares has $38000$ shares of $$8$ par value common stock outstanding. Suppose Belvedere declares and distributes a $1\%$ stock dividend when the market value of its stock is $$25$ per share.

$1.$

Journalize $$Belvedere$\text{'}$s declaration and distribution of the stock dividend on May $11.$ An explanation is not required.

$2.$

What was the overall effect of the stock dividend on Belvedere$\text{'}$s total$$ assets? On total$$ liabilities? On total$$ stockholders' equity?