Nike is the worlds leading designer, marketer, and distributor of authentic athletic footwear, apparel, equipment, and accessories. The following is a press release from the company:

NIKE, INC. ANNOUNCES 11 PERCENT INCREASE IN QUARTERLY DIVIDEND

BEAVERTON, Ore.(BUSINESS WIRE)NIKE, Inc. (NYSE: NKE) announced today that its Board of Directors has approved a quarterly cash dividend of $0.20 per share. . . . This represents an increase of 11 percent versus the prior quarterly dividend rate of $0.18 per share. The dividend declared today is payable on January 2, to shareholders of record at the close of business December 4. Todays announcement, combined with the four-year $12 billion share repurchase program we announced . . ., demonstrates our continued confidence in generating strong cash flow and returns for shareholders through our new Consumer Direct Offense as we continue to invest in fueling sustainable, long-term growth and profitability.

When the share repurchase program was announced the company also declared a stock split distributed in the form of a 100% stock dividend. At that time Nikes 1,200 million shares were trading at $130 per share. Nikes shares have a stated value of $0.001 per share.

Based on the information above and answer the following questions:

• Prepare the journal entry that Nike recorded to account for the stock split?

  please note : 100% stock dividend is large stock