Jan. 20X1 Apple Corporation has 100,000 shares of $16 par value capital stock outstanding.

20X1

Feb. 10 Distributed additional shares of capital stock in a 2-for-1 stock split. Market price per share was $50 immediately before the stock split.

Mar. 15 Declared a cash dividend of $0.30 per share stock

April 9 Paid the cash dividend to stockholders

May 11 Declared a 22% stock dividend. Market price per share was $25.

June 30 Issued the shares for the stock dividend declared on May 11. Prepare the March 15th Entry