The stockholders' equity accounts at December 31 are provided below: 
The market price of the stock was $8 per share at December 31.
A)What journal entry will be required to record the distribution of a 20% stock dividend on December 31?
B)What balance will be in the retained earnings account immediately following the stock dividend?
C)Prepare the stockholders' equity section of the balance sheet.
Correct Answer:
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