Douglas McDonald Companys balance sheet included the following shareholders equity accounts at De- cember 31, 2005: Paid-in capital ($ in millions) Common stock, 900 million shares at $1 par: $ 900 Paid-in capitalexcess of par 15,800 Retained earnings 14,888 Total shareholders equity $31,588 On March 16, 2006, a 4% common stock dividend was declared and distributed. The market value of the common stock was $21 per share. Fractional share rights represented 2 million equivalent whole shares. Cash was paid in place of the fractional share rights. Required: 2. Prepare the appropriate entries for the declaration and distribution of the stock dividend