Adams Moving and Storage, a family-owned corporation, declared a property dividend of 1,700 shares of GE common stock that Adams had purchased in February for $74,800 as an investment. GEs shares had a market value of $42 per share on the declaration date. Prepare the journal entries to record the property dividend on the declaration and payment dates. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)