Your answer is partially correct. Oriole Corporation has outstanding 489,000 shares of $10 par value common stock. The corporation declares a 10% stock dividend when the fair value of the stock is $62 per share. Prepare the journal entries for Oriole Corporation for both the date of declaration and the date of distribution. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Account Titles and Explanation Declaration Date Retained Earnings Common Stock Dividend Distributable Paid-in Capital in Excess of Par - Common Stock Distribution Date Common Stock Dividend Distributable Common Stock Debit 3031800 489000 Credit 489000 2542800 489000