Attempt in Progress - Your answer is partially correct. On January 1, 2020, Tamarisk, Inc. had $1,010,000 of common stock outstanding that was issued at par. It also had retained earnings of $747,000. The company issued 37,500 shares of common stock at par on July 1 and earned net income of $405,000 for the year. Journalize the declaration of a 14% stock dividend on December 10, 2020, for the following independent assumptions. (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.) (a) Par value is $10, and market price is $18. (b) Par value is $5, and market price is $21. Journalize the declaration of a 14% stock dividend on December 10, 2020, for the following independent assumptions. (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 O for the amounts.) (a) Par value is $10, and market price is $18. (b) Par value is $5, and market price is $21. Debit Credit No. Account Titles and Explanation Stock Dividends 101000 a) 138500 Common Stock Dividends Distributable 19390 Paid-in Capital in Excess of Par-Common Stock 349029 b) Stock Dividends Common Stock Dividends Distributable Paid-in Capital in Excess of Par-Common Stock