Karen Company owns shares of common stock in Foster Corporation. As of November 1, 2022, the stock investment had a book value of $600,000. On November 30th, Karen Company decided to issue a property dividend to stockholders, to distribute the investment securities, which have a market value of $760,000. Karen Company will distribute the securities on December 15th to all stockholders of record as of December 1st. Create the required journal entries for this dividend issuance and payment.