Your answer is partially correct. Marigold Corporation has outstanding 518,000 shares of $10 par value common stock. The corporation declares a 100% stock dividend when the fair value of the stock is $59 per share Prepare the journal entries for both the date of declaration and the date of distribution. (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 for the amounts.) Debit Credit 3056200 Account Titles and Explanation Declaration Date Retained Earnings Common Stock Dividend Distributable Distribution Date 30,562,00 3056200 Common Stock Dividend Distributable 30.562,00 common stock e Textbook and Media