On October $1,2024,$ the board of directors of Blossom Corporation declared a $40\%$ stock dividend. On the declaration date, there were $55,300$ common shares issued and outstanding. The fair market value of the shares on October $1,2024,$ was $$140$ per share. The stock dividend was distributed on October $31,2024,$ to shareholders of record on October $15,2024.$

$($a$)$

Prepare the journal entries required to record the stock dividend. $($Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select $"$No entry" for the account titles and enter $0$ for the amounts. List all debit entries Sefore credit entries. Record journal entries in the order presented in the problem.$)$

Date

Account Titles and Explanation

Debit

Credit