Stock Dividends Company Release- 07/23/2003 10:27 Tompkins Trustco, Inc. Announces Cash and Stock Dividends Ithaca, New York July 23, 2003 (Business Wire) Tompkins Trustco, Inc. (TMP- American Stock Exchange) announced today that its Board of Directors approved payment of a regular quarterly cash dividend of $0.30 per share, payable on August 15, 2003, to common shareholders of record on August 5, 2003. The Board also approved the payment of a 10% stock dividend payable on August 15, 2003, to common shareholders of record on August 5, 2003. At June 30 Tompkins reported 7,397,133 shares issued with a par value of $.10 per share. At June 30, 24,529 shares were in treasury. The share price was $45 when the stock dividend was issued. Assume no treasury shares were acquired or sold after June 30. Prepare the journal entry to record Tompkins Trustco's stock dividend.