Vy! M Owen Communications, Inc., began 2018 with 260,000 shares of $1 par common stock issued and outstanding. Beginning Paid-in capital in excess of par-common was $650,000, and retained earings was $780,000. In April 2018, Owen Communications, Inc., issued 16,000 shares of stock at $7 per share. In August, when the stock's market price was $12 per share, the board of directors distributed a 10 percent stock dividend Read the requirements Requirement 1. Make the journal entries for the issuance of stock for cash and for the declaration and distribution of the 10 percent stock dividend. (Record debits first, then credits Exclude explanations from any joumal entries.) Record the issuance of common stock for cash Journal Entry Date Accounts Debit Credit Apr Record the declaration and distribution of the stock dividend. Journal Entry Accounts Owen Communications, Inc., began 2018 with 260,000 shares of $1 par common stock issued and outstanding. Beginning Paid in capital in excess of par-common was 5650,000 and retained earnings was $780,000. In April 2016, Owen Communications, Inc., issued 16,000 shares of stock at $7 per share. In August, when the stock's mane price was $12 per share, the board of directors distributed a 10 percent stock dividend. Read the requirements TO Record the declaration and distribution of the stock dividend. Journal Entry Accounts Debit Credit Date Aug man Panare the company's statement of stockholders equity for the year ended December 31, 2018. (Enter the labels in chronological order. Une portes or the bank. Do notera "O) Read the requirements Requirement 2. Prepare the company's statement of stockholders' equity for the year ended December 31, 2018. (Enter the labels in chronological order. Use parentheses or a minus sign when subtracting numbers. For accounts with a $0 balance, leave the cell blank. Do not enter a "0") Owen Communications, Inc. Statement of Stockholders' Equity Year Ended December 31, 2018 Additional Common pald-in Retained Capital earnings x pnologic stat ora0 Requirements en a nent T End 1. Make the journal entries for the issuance of stock for cash and for the declaration and distribution of the 10 percent stock dividend. 2. Prepare the company's statement of stockholders' equity for the year ended December 31, 2018. Ignore net income. Print Done number in the input fields and then continue to the next