Crystal Corporation has the following information regarding its common stock: $10 par, with 500,000 shares authorized, 213,000 shares issued, and 183,700 shares outstanding. On August 22, 2013, Crystal declared and paid a 15% stock dividend when the market price of the common stock was $30 per share.

Required:

1. Prepare the journal entries to record declaration and payment of this stock dividend.

2. Prepare the journal entries to record declaration and payment assuming it was a 30% stock dividend.