this is separate from the stuff above^^^

Use the following information for the Exercises below. [The following information applies to the questions displayed below.] On June 30, Sharper Corporation's stockholders' equity section of its balance sheet appears as follows before any stock dividend or split. Sharper declares and immediately distributes a 50% stock dividend. Common stock-$10 par value, 120,000 shares authorized, 78,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $ 780,000 340,000 730,000 $1,850,000 Belkin Inc. has 114,000 shares of $3 par value common stock outstanding. Belkin declares a 54% stock dividend on March 2 when the stock's market value is $86 per share. Prepare the journal entry for declaration of the stock dividend. View transaction list Journal entry worksheet Record the declaration of a 54% stock dividend. Note: Enter debits before credits. Date General Journal Debit Credit Mar 02