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Exercise 10-69 (Algorithmic) Stock Dividends Crystal Corporation has the following information regarding its common stock: Its common stock is $12 par, with 300,000 shares authorized, 132,000 shares issued, and 130,600 shares outstanding. On August 22, 2019, Crystal declared and paid a 15% stock dividend when the market price of the common stock was $28 per share. Required: 1. Prepare the journal entry to record declaration and payment of this stock dividend. 2019 Aug, 22 Retained Earnings Common Stock Additional Paid-In Capital-Common Stock (Record small stock dividend) 2. Prepare the journal entry to record declaration and payment assuming it was a 30% stock dividend. 2019 Aug. 22 Retained Earnings Common Stock (Record large stock dividend)