please no bad penmanship

T. Habaro Company's balance sheet included the following shareholders' equity accounts at December 31, year 1: ($ in millions) Paid-in capital: Common stock, 800 million shares at $1 par Paid-in capital-excess of par Retained earnings Total shareholders' equity $ 800 16,200 13,666 $30,666 On March 16, year 2, a 4% common stock dividend was declared and distributed. The market value of the common stock was $22 per share. Fractional share rights represented 3 million equivalent whole shares. Cash was paid in lieu of the fractional share rights. Required: 1. What is a fractional share right? 2. Prepare the appropriate entries for the declaration and distribution of the stock dividend