Marigold Corporation has $440,000$ common siares outstanding. The corporation declares a $7\%$ stock dividend at the common shares fair value of $$26$ per share. $($Their carrying value is $$20$ per share$)$

Prepare the journal entries for the company for both the date of declaration and the date of distribution. $($List all debit entries before credit entries Credit account titles are outomatically indented when the amount is entered. Do not indent manually. If no entry is required, select $\text{'}$No Entry' for the account titles and enter $0$ for the amounts.$)$

Account Titles and Explanation

Debit

Credit

Declaration Date:

Distribution Date: