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Question 2 (5 points) Information taken from Mega Inc. balance sheet as of October 31, 2021, follows: Common shares, unlimited shares authorized, 540,000 shares issued

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Question 2 (5 points) Information taken from Mega Inc. balance sheet as of October 31, 2021, follows: Common shares, unlimited shares authorized, 540,000 shares issued $7,200,000 Retained Earnings 3,500,000 On November 16, Mega's board of directors declared a 3% stock dividend to the shareholders of record on December 1, to be distributed December 16. The fair value of the shares on November 16 was $18 Required: Prepare the journal entries required to record and distribute the stock dividend

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