Douglas McDonald Companys balance sheet included the following shareholders equity accounts at December 31, 2020:

	($ in millions)
Paid-in capital:
Common stock, 1,700 million shares at $1 par	$	1,700
Paid-in capitalexcess of par		17,400
Retained earnings		16,088
Total shareholders equity	$	35,188

On March 16, 2021, a 4% common stock dividend was declared and distributed. The market value of the common stock was $37 per share. Fractional share rights represented 3 million equivalent whole shares. Cash was paid in lieu of the fractional share rights. Required: 1. Complete the below table to calculate the value of shares issued. 2. Prepare the appropriate entries for the declaration and distribution of the stock dividend.