DeHaan Company owns 30,000 shares of the common stock of Curtis Company. DeHaan decided to divest itself of this investment by distributing the Curtis shares in the form of a property dividend. The dividend ratio is one share of Curtis for every four shares of DeHaan common shares held by shareholders. DeHaan has 120,000 common shares outstanding. On April 15, 2024, the date of declaration, Curtis stock had a par of $5 per share, a book value of $11.0 per share, and a fair value of $16.0 per share. Required: Prepare any necessary journal entries. The shares were distributed on May 15, 2024, to stockholders of record on May 1, 2024. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Journal entry worksheet Record any gain or loss on the disposal of the stock. Note: Enter debits before credits. Journal entry worksheet Record declaration of property dividend. Note: Enter debits before credits. Journal entry worksheet Note: Enter debits before credits. Journal entry worksheet Record the payment of the property dividend. Note: Enter debits before credits