Question 3 (7 points) The shareholders' equity accounts of Cramer Corp. have the following balances on December 31, 2019: $4,864,000 Common shares, unlimited authorized, 1,520,000 issued and outstanding Retained earnings $1,120,450 A 10% stock dividend is declared and issued on February 25, 2020 when the shares' fair value is $6.35. The dividend resulted in the issuance of a number of whole shares but also the entitlement to the sum of 8,000 shares as fractional shares. On May 1, 60% of the fractional shares were redeemed for whole shares and 40% expired. Required: Prepare the required journal entries for the stock dividend. (7 marks)