Your answer is partially correct. Try again. Marin Corporation has outstanding 440,000 shares of $10 par value common stock. The corporation declares a 10% stock dividend when the fair value of the stock is $69 per share. Prepare the journal entries for Marin Corporation for both the date of declaration and the date of distribution. (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 0 for the amounts) Account Titles and Explanation Declaration Date Retained Earnings Debit Credit 3036000 Paid-in Capital in Excess of Par-Common Stock 440000 Common Stock Dividend Distributable 2596000 Distribution Date Common Stock Dividend Distributable 440000 Common Stock 440000