On January $1,2027.$ Crane Corporation had $$1,755,000$ of common stock outslanding that was issued at par. It also had retained earnings of $$746000.$ The company issued $36$:$500$ shures of common stock at par on July $1$ and earned net income of $$410\mathrm{.}000$ for the year.

Journalize the declaration of a $16\%$ stock dividend on December $10,2027,$ for the following independent assumptions. $($Condle account tites are autrenatically indented when amount is entered. De not indere manually. Free entry is mailed, select $"$No Entry" for the account riles and enter Ofor the amounti.$)$

a$.$ Par value is $$10,$ and market price is $$18.$

b$.$ Parvalue his and market price is $$22$

No$.$ Account Tilles and Explanation

Debit

Credit

a$.$ Shood Divideras $$

$$

$$

$$

$$

$$

b$.$ Thes Dividerdy $$

$$

$$

$$

$$

$$