Madrid Corporation has 36,000 shares of $80 par common stock outstanding. On February 8, Madrid Corporation declared a 2% stock dividend to be issued April 11 tostockholders of record on March 10. The market price of the stock was $116 per share on February 8.

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Journalize the entries required on February 8, March 10, and April 11. For a compound transaction, if an amount box does not require an entry, leave it blank. If no entry is required, select "No entry required" and leave the amount boxes blank.