On January $1,2020,$ Marin Corporation had $$2,030,000$ of $$10$ par value common Mock outuanding that was lissued at par and retained earnings of $$1,140,000.$ The company issued $240,000$ shares of common stock at $$12$ per share on hily $1.$ On December $15.$ the board of directors declared a $15\%$ stock dividend to stockholders of record an December $31,2020$ pryathe on furwisy $15,2021.$ The martert value or Milin Corporation stock was $$15$ per share on December $15$ and $$16$ per share on December $31.$ Net income for $2020$ was $$525\mathrm{.}000.$

$($a$1)$

Your answer is partially correct.

Journalize the issuance of stock on huly $1$ and the declaration of the stock dividend on December $15.$ fCredit account titles are outomatically indented when the amount is entered. Do not indent manually. If no entry is required, select $"$No Entry" for the account titles and enter $0$ for the amounts. Ifst ell debit endriles before credit entriles. Recond journat entrles in the onder presented in the problem.$)$

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