The following is the shareholders' equity section of Blue Spruce Corp. at December $31,2023$:

a The preferred shares have a $$2$ dividend rate, are cumulative, and participate in distributions in excess of a $$3$ dividend on the

common shares.

The company decides instead that it will declare a $10\%$ stock dividend on the outstanding common shares at their fair value. The

common shares' fair value on the date of declaration is $$45$ per share. Prepare the entry on the date of declaration. $($List debit entry

before credit entry. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is

required, select $"$No Entry" for the account titles and enter $0$ for the amounts.$)$

Account Titles and Explanation

Debit

Credit