FINANCIAL ACCOUNTING II The accounts of Abbadabba Corporation provide the following data at December 31, 2016: Common stock, $5 par, 40,000 shares issued and outstanding .................. Contributed capital in excess of par value ................ Retained earnings ..... $200,000 160,000 300,000 On May 1, 2017, the board of directors declared a 15 percent stock dividend, to be issued on June 1, 2017. The market value of the stock on May 1 was $9 per share. On June 1, 2017, the dividend was distributed, with 1/3 of the shares issued in the form of 40,000 fractional-share stock warrants. On December 1, 2017, the company honored 28,000 of the fractional share warrants by issuing the requisite number of shares. The remaining stock warrants were still outstanding at the end of 2017. Prepare all the journal entries required for the stock dividend in 2017