On June 13, the board of directors of Siewert Inc. declared a 2-for-1 stock split on its 140 million, $1 par, common shares, to be distributed on July 1. The market price of Siewert common stock was $34 on June 13.

Prepare the journal entry to record the stock split if it is to be effected in the form of a 100% stock dividend. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in millions (i.e., 10,000,000 should be entered as 10).)

Also what is the par per share after the split?