On October 1, 2020, the board of directors of Tecumseh Corporation declared a 20% stock dividend. On the declaration date, there were 62,000 common shares issued and outstanding. The fair market value of the shares on October 1, 2020, was $132 per share. The stock dividend was distributed on October 31, 2020, to shareholders of record on October 15, 2020.

(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.)

Date	Account Titles and Explanation	Debit	Credit
2020
Choose a transaction date. Oct. 1Oct. 31	Enter an account title.	Enter a debit amount.	Enter a credit amount.
	Enter an account title.	Enter a debit amount.	Enter a credit amount.
2021
Choose a transaction date. Oct. 1Oct. 31	Enter an account title.	Enter a debit amount.	Enter a credit amount.
	Enter an account title.	Enter a debit amount.	Enter a credit amount.