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Wilma Corporation reported the following in its shareholders equity section on the January 1, 2019 Balance Sheet: Common shares, 100,000 authorized, 25,000 outstanding $100,000 On

Wilma Corporation reported the following in its shareholders equity section on the January 1, 2019 Balance Sheet: Common shares, 100,000 authorized, 25,000 outstanding $100,000 On October 1, 2019, the company declared a 10% common stock dividend on the outstanding common shares when they were trading at $32 per share Record the journal entry for the stock dividends declared (2 marks). Show calculations.

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