Stockton Corporation has 160,000 shares of $5 par value common stock outstanding. It declared a 15% stock dividend on June 1 when the market price per share was $13. The shares were issued on June 30. Prepare the necessary entries for the declaration and distribution of the stock dividend. (Record journal entries in the order presented in the problem. Credit occount titles are outomatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter O for the amounts.)