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elkin Incorporated has 104,000 shares of $3 par value common stock outstanding. Belkin declares a 44% stock dividend on March 2 when the stock's market

elkin Incorporated has 104,000 shares of $3 par value common stock outstanding. Belkin declares a 44% stock dividend on March 2 when the stock's market value is $76 per share. Prepare the journal entry for declaration of the stock dividend.

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