Douglas McDonald Companys balance sheet included the following shareholders equity accounts at December 31, 2023:

	($ in millions)
Paid-in capital:
Common stock, 1,500 million shares at $1 par	$ 1,500
Paid-in capitalexcess of par	17,000
Retained earnings	15,788
Total shareholders equity	$ 34,288

On March 16, 2024, a 4% common stock dividend was declared and distributed. The market value of the common stock was $33 per share. Fractional share rights represented 2 million equivalent whole shares. Cash was paid in lieu of the fractional share rights.

Required:

Complete the below table to calculate the value of shares issued.

Prepare the appropriate entries for the declaration and distribution of the stock dividend.