4 Bacon Inc. has the following stockholders' equity section in its May 31, 2019, comparative balance sheets: May 31, 2019 April 30, 2019 of 10 $ 9,850,000 $ 9,000,000 Paid in capital Preferred stock, 5130 par value, ex, cumulative, 100,000 shares authorized, 76,000 shares issued and outstanding Common stock, 54 par value, 600,000 shares authorized, 430,000 and 410,000 shares issued, respectively Additional paid-in capital Retained earnings Less: Treasury common stock, at cost; 15,000 shares and 17,000 shares, respectively Total stockholders' equity > 14,680,000 12,080,000 1,640,000 14.160.00 11,804,000 (1,656,800 $ > (1.632,000) $35,852,000 ok 1-2. Assume that on June 1 the market value of the common stock was $40 per share and that the board of directors declared a 6% stock dividend on the issued shares of common stock. Prepare journal entry to show the issuance of the stock dividend. (If no entry is required for a transaction/event, select "No Journal entry required" in the first account field.) ces View transaction list Journal entry worksheet