On May$1,$ Acre Software Ltd$.$ has $82,000$ common shares issued and outstanding. Suppose Acre distributes a $18\%$ stock dividend on May $11$ when the market price$($fair value$)$ of its shares is $$13\mathrm{.}00$ per share.

$1.$

Journalize Acre$\text{'}$s declaration of the shares dividend. An explanation is not required.

$2.$

What was the overall effect of the stock dividend on Acre$\text{'}$s total$$ assets? What about on its total liabilities and its total$$ shareholders' equity?