PRINTER VERSION 4 BACK Question 4 NEXT Langley Corporation has 47,500 shares of $12 par value common stock outstanding. It declares a 15% stock dividend on December I when the market price per share is $19. The dividend shares are issued on December 31 Prepare the entries for the declaration and issuance of the stock dividend. (Record journal entries in the order presented in the problem. Credit accountities 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 for the amounts.) Account Titles and Explanation Dec. 1 Date Debit Credit + Dec. 31