21)On October 15, 2018, a 5% stock dividend was declared and distributed. The fair value of the common tock on this date was $32 per share. Fractional share rights represented 100,000 shares. Cash was paid in lieu of issuing fractional share rights. On the date of declaration and payment, the company had 10 million shares of common stock outstanding. The par of the common shares was $5. Required: Prepare any necessary journal entries to record the above events