6 Exercise 18-19 (Algo) Stock dividend [LO18-8] 14.28 points The shareholders' equity of Core Technologies Company on June 30, 2023, included the following: Common stock, $1 par; authorized, 9 million shares; Skipped issued and outstanding, 4 million shares Paid-in capital-excess of par $ 4,000,000 16,000,000 22,000,000 eBook Hint Retained earnings On April 1, 2024, 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 Core Technologies' common stock was $40 on April 1, 2024, and $50 on June 1, 2024. Required: Prepare the journal entries to record the declaration and distribution of the stock dividend. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Print References View transaction list Journal entry worksheet 1 2 Record the declaration of the stock dividend. Note: Enter debits before credits. Date April 01, 2024 General Journal Debit Credit