Lucid Company declared a property dividend of 38,000 shares of $1 par Polk Company common stock. The Polk stock was purchased for $3 per share. The fair value of Polk's stock was $10 per share on the declaration date and $11 per share on the distribution date. What is the amount of the dividend? Multiple Choice $494,000. $114,000 $418,000 $380,000 Resu