On March 1, Houseboat Ltd. had 400,000 common shares issued and the balance in its Common Shares account was $600,000. The company declared a 5% stock dividend to shareholders of record on March 14, to be distributed on March 31. The fair value per share was $5 on March 1, $4.85 on March 14, and $5.35 on March 31. Prepare the entries on the appropriate dates to record the stock dividend.