L03 9 Share dividends Maxfield Manufacturing declared a share dividend of $1.50 per share on 1 July to be distributed on 1 August to shareholders of record on 15 July. On 1 July, Maxfield has 250 000 issued and paid-up ordinary shares. Maxfield's shares are trading at $15 per share on 1 July. REQUIRED a Prepare all necessary journal entries to record the share dividend. b Show your calculations in determining how many shares would the holder of 1000 shares expect to receive in the share dividend