Brief Exercise 11-14 Your answer is partially correct. Try again. Culver Corporation has 300,000 shares of $9 par value common stock outstanding. It declares a 13% stock dividend on December 1 when the market price per share is $15. The dividend shares are issued on December 31. Prepare the entries for the declaration and distribution of the stock dividend. (Record journal entries in the order presented in the problem. 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.) Date Account Titles and Explanation Debit Credit Dec. 1 Stock Dividends 85 Common Stock Dividends Distributable 351000 1 Paid-in Capital in Excess of Par Value-Common St 234000 1 Dec. 31 Dec. 3: j common Stock Dividends Distributable Common Stock Dividends Distributable 585000 585000 l585000 Common Stock Z 585000 Click if you would like to Show Work for this question: Open Show Work