In 20X5, the company declared and issued a 10% stock dividend. The stock dividend was to be valued at $5 per share. The dividend resulted in a number of full shares being issued, but also there were 9,000 shares to be issued as fractional shares. Required: 1. Prepare all journal entries for the stock dividend in 20X5. The dividend is recorded when issued. Fractional share rights are issued for fractional shares. One month after issuance. 60% of the rights are exercised and 40% lapse.