EverClean Corporation Reported the Following Shareholders' Equity on January 1,2017

EverClean Corporation reported the following shareholders' equity on January 1,2017:
Contributed capital
$\begin{array}{lr}\text {Preferred shares, \( \$ 2.50 \), cumulative, 30,000}\\\text {shares authorized, 7,500 shares issued}& \$ 393,750 \\\text {Common shares, 200,000 shares}\\\text { authorized, } 135,000 \text { shares issued } & \underline{607,500} \\\text { Total contributed capital } & 1,001,250 \\\text { Retained earnings } & \underline{218,500} \\\text { Total shareholders' equity } &\underline{ \$ 1,219,750}\end{array}$
a_On October 15,2017,the board of directors declared a 5% common stock dividend when the market price of the shares was $10.00 per share.On November 15,2017,the stock dividend was distributed to the shareholders.Prepare the necessary journal entries to record the declaration and distribution of the common stock dividend.
b_What effect did the declaration of the common stock dividend have on:
$\begin{array}{l}\text { 1) total assets } \\\text { 2) total liabilities } \\\text { 3) total contributed capital } \\\text { 4) total retained earnings } \\\text { 5) total shareholders' equity }\end{array}$ $$\begin{array}{l}\text { General Jaurnal }\\\begin{array} { c | c | c | c } \hline \text { Date } & \text { Accounts } & \text { Debit } & \text { Credit } \\\hline & & & \\\hline & & & \\\hline & & & \\\hline & & & \\\hline & & &\end{array}\end{array}$$