3-29 Journalizing a s tock dividend and reporting stockholders' equity Learning Objective 4 The stockholders' equity of Lakeside Occupational Therapy, Inc. on December 31, 2. Total Stockholders' Equity $122,000 2017, follows: Stockholders' Equity Paid-in Capital Common Stock-$1 Par Value; 1,200 shares authorized, 400 shares issued and outstanding Paid-In Capital in Excess of Par-Common Total Paid-In Capital s 400 1,600 2,000 120,000 $ 122,000 Retained Earnings Total Stockholders' Equity On April 30,2018, the market price of Lakeside's common stock was $16 per share and the company declared a 13% stock dividend. The stock was distributed on May 15. Requirements 1. Journalize the declaration and distribution of the stock dividend