PART Our company had 210,000 shares of $2 par common stock shares outstanding. We declared and issued a 5% stock dividend. The market value of the stock at the time of the dividend declaration was $6. The number of fractional shares was 1,100. March 25. Declared the 5% stock dividend. Our company made the entry shown below. Make the journal entry for the date of record and the date of distribution. Type "NO ENTRY" If an entry is not required. April 4: Date of record April 27: Distributed the dividend and paid for the fractional shares. Mar 1,260,000 25 Retained Earnings Stock Dividend Distributable 1,260,000