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Metlock, Inc has 58,000 shares of $10 par value common stock outstanding it deciares a 15%stock dividend on December 1 when the market price per

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Metlock, Inc has 58,000 shares of $10 par value common stock outstanding it deciares a 15\%stock dividend on December 1 when the market price per share is $18. The dividendshares are issued on December 31. Prepare the entries for the declaration and issuance of the stock dividend. Record journal entries in the order presented in the problem. Credit acoount titles are outomatically indented when amount is entered Do not indent manuolly, If no entry is required, select "No Entry" for the account titles and enter of for the amounts)

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