Marielle Mango Importers Co$.$ has $10,000,000$ common shares of stock. The

stock's par value is $$2$ per share, and it has a market price of $$25$ per share.

Marielle then decides to declare and distribute a $40\%$ stock dividend.

Answer the following questions related to the journal entry Marielle will

make to record this stock dividend.

There will be a$...$

Debit to Retained Earnings of

Credit to Common Stock of

Credit to Additional Paid$-$In Capital of