Zerizon Inc. holds 6,000 shares of Cable Co. common stock, which it acquired for \(\$ 25\) per share in May of 2020 . On June 1, 2020, Zerizon Inc. declares a property dividend of 500 shares of Cable Co. common stock when the shares are selling at \(\$ 28\) per share. Provide the journal entry on June 1, 2020, for the declaration of the property dividend.