On January $1,2022,$ Pina Colada Corp. had $$1,060,000$ of common stock outstanding that was issued at par and retained earnings of

$$744,000.$ The company issued $35,000$ shares of common stock at par on July $1$ and earned net income of $$393,000$ for the year.

Journalize the declaration of a $15\%$ stock dividend on December $10,2022,$ for the following two 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 $0$ for the amounts.$)$

$($a$)$ Par value is $$10$ and market price is $$15.$

$($b$)$ Par value is $$5$ and market price is $$8.$

No$.$ Account Titles and Explanation

Debit

Credit

$($a$)$

$($b$)$