10 Exercise 18-19 Stock dividend [LO18-8] The shareholders equity of Core Technologies Company on June 30, 2017, included the following 0.76 points Common stock, $1 par; authorized, 9 iion shares; 0133Pa1d- in capital-excess of s 4,000,800 16,000,000 22,000,800 issued and outstanding, 4 million shares Retained earnings On April 1, 2018, the board of directors of Core Technologies declared a 10% stock dividend on common shares to be distributed on June 1. The market price of Cre Technologies common stock was $40 on April 1, 2018, and $50 on June 1, 2018. Required: Complete the below table to calculate the stock dividend. Prepare the journal entries to record the declaration and distribution of the stock dividend Hint References Complete this question by entering your answers in the tabs below General ournal Complete the below table to calculate the stock dividend Number of Stock divdend percentage (%) Number of shares to be issued Value of stock dividend Stock Dividend: General Journal Prepare the journal entries to record the declaration and distribution of the stock dividend. (If no er transaction/event, select "No journal entry required" in the first account field.) ew transaction list Journal entry worksheet 2 Record the declaration of the stock dividend. Note: Enter debits before credits. Debit Credit General Journal Date Aprl 01, 2018 Record entry Clear entry View general journal Stock Dividend General Journal Prepare the journal entries to record the declaration and distribution of the stock dividend. (If no transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet 2 Record the distribution of the stock dividend. Note: Enter debits before credits. Date General Journal Debit Credit June 01, 2018 Record entry Clear entry View general journal