-X Data Table The stockholders' equity for Lakeville, Inc., on December 31, 2017, follows: (Click the icon to view the stockholders' equity on December 31, 2017.) On November 30, 2018, the market price of Lakeville's common stock was $10 per share and the company distributed a 10 percent stock dividend. Read the requirements. Stockholders' Equity Requirement 1. Journalize the distribution of the stock dividend. (Record debits first, then credits. Exclude explanations from any journal entries.) $ Journal Entry Paid-in capital: Common stock, $1 par, 250,000 shares authorized, 50,000 issued and outstanding Paid-in capital in excess of par-common Total paid in capital Retained earnings 50,000 500,000 Date Accounts Debit Credit Nov 30 550,000 310,000 $ Total stockholders' equity 860,000 Print Done Requirement 2. Prepare the stockholders' equity section of the balance sheet after the stock dividend. (Enter the accounts and labels in the proper Stockholders' Equity Paid-in capital: Requirements 1. Journalize the declaration and distribution of the stock dividend. 2. Prepare the stockholders' equity section of the balance sheet after the stock dividend. Choose from any list or enter any number in the input fields and then continue to the next question. Print Done