Waterway Corporation has $45,000$ shares of $$10$ par value common stock outstanding. It declares a $15\%$ stock dividend on December $1$ when the market price per share is $$19.$ The dividend shares are issued on December $31.$

Prepare the entries for the declaration and issuance of the stock dividend. $($Record journal entries in the order presented in the problem. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select $"$No Entry" for the account titles and enter $0$ for the amounts.$)$

$\backslash$table$[[$Date$,$Account Titles and Explanation,Debit,Credit$],[,$Retained Earnings:,$99600,],[,$Common Stock Dividends Distributable,,$],[,$Paid$-$in Capital in Excess of Par$-$Common Stock,,$],[,$Common Stock Dividends Distributable,,$],[,$Common Stock,,$]]$