Exercise 18-21 Cash in lieu of fractional share rights [LO18-8] Douglas McDonald Company's balance sheet included the following shareholders equity accounts at December 31, 2017: eBook Hint Ask Print References Paid-in capital: Common stock, 1,5e million shares at 1 s 1,500 17,e00 15,788 $34,288 par Paid-in capital-excess of par Retained earnings Total shareholders' equity On March 16, 2018, a 4% common stock dividend was declared and distributed The market value of the common stock was $33 per l share nghts represented 2 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 dvidend. Novt Complete this question by entering your answers in the tabs below. Book Reqared 1 Required 2 the below table to calculate the value of shares ssued. Enter your answers in miltions (ILe, 10,000,000 should be Ask ered as 10),) Nmr of outstanding shares Stox amend percentage (%) Number of shanes 1o be sed erences Vaue of stock dividend Amount paid n cash for fractional shares Value of shares issued Required 2 7 Journal entry worksheet eBook Record the declaration and distribution of the stock dividend. Hint Ask Print Note: Enter debits before credits Reterences Event General Journal Debit c Credit Record entry Cleat entry View general journal