This is the second time i am posting this, the red one are INCORRECT. cheeg answered it for me

On January 1, 2022, Whispering Winds Corp. had $1,250,000 of common stock outstanding that was issued at par and retained earnings of $755,000. The company issued 45,000 shares of common stock at par on July 1 and earned net income of $400,000 for the year. Yournalize 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 for the amounts.) (a) Par value is $10 and market price is $15. (b) Par value is $5 and market price is $8. Your answer is partially correct. On January 1, 2022, Whispering Winds Corp. had $1,250,000 of common stock outstanding that was issued at par and retained earnings of $755,000. The company issued 45,000 shares of common stock at par on July 1 and earned net income of $400,000 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 for the amounts.) (a) Par value is $10 and market price is $15. (b) Par value is $5 and market price is $8. Debit Credit No. Account Titles and Explanation (a) Retained Earnings 382500 255000 Common Stock 127500 Pald-in Capital in Excess of Par-Common Stock 354000 (b) Retained Earnings 221250 Common Stock 132750 Paid in Capital in Excess of Par-Common Stock e Textbook and Media