Question: Please help me complete requirment 2!! thanks The stockholders' equity for Sharni, Inc., on December 31, 2017, follows: (Click the icon to view the stockholders'

 Please help me complete requirment 2!! thanks The stockholders' equity for

Please help me complete requirment 2!! thanks

The stockholders' equity for Sharni, Inc., on December 31, 2017, follows: (Click the icon to view the stockholders' equity on December 31, 2017.) On May 31, 2018, the market price of Shami's common stock was $11 per share and the company distributed a 15 percent stock dividend. Read the requirements Requirement 1. Joumalize the distribution of the stock dividend. (Record debits first, then credits. Exclude explanations from any journal entries.) Journal Entry Accounts Date Credit Debit 132,000 May 31 Rolained earnings - X 12,000 Common stock Data table Paid-in capital in excess of par-common 120,000 Requirement 2. Prepare the stockholders' equity section of the balance sheet after the stock dividend. (Enter the a Stockholders' Equity Stockholders' Equity Pald-in capital Common stock, S1 par, 500,000 shares authorized, 80,000 issued and outstanding Pald-in capital in excess of par-common Total paid in capital Paid-in capital: 80,000 640,000 720,000 160,000 Retained earnings $ 880.000 Total stockholders' equity Print Done 1

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