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The stockholders' equily of Shorewood Occupational Therapy, Inc. on December 31, 2024, folows: On Apri 30, 2025, the market price of Shorewood Occupational Therapy, Inc.'s common slock was $20 per share and the company declared a 15% stock dividerd The stock was ditntuted en May 15 Read the fequirements. Requirement 1. Journalize the declaration and distribution of the stock dividend. (Record debits fint, then credits. Select the explanation on the tant line of the jourral entry table) First, journalize the declaration of the stock dividend. Stockholders' Equity Requirement 2. Prepare the stochholders' equaly section of the balance sheet as of May 31. Zuz4 Assume ruela View the stockholders'eguly. May 15. Bead the requirements. Requirements Issued 15% - stock orvidond Requirement 2. Prepare the stockholders' equity section of the balance sheet as of May 3 only change made to Retained Earnings before preparing the balance sheet was closing t: 1. Journalize the declaraton and dstribution of the stock dividend 2. Prepare the stockholders' equity section of the balance sheet as of May 3t. 2025 Assume Retained Earnings are $120,000 on Apri 30, 2025. Delore the stock dividend, and the only change made to Retained Esmings betore Preparing the balance sheet was closing the Stock Dvidends account

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