The following stockholders' equity information is for Lotus Company:

LOTUS COMPANY
October 1, 2020
Common stock$15 par value, 150,000 shares authorized, 65,000 shares issued and outstanding	$	975,000
Paid-in capital in excess of par value, common stock		420,000
Retained earnings		546,000
Total stockholders equity	$	1,941,000

On October 2, the directors declare a 18% stock dividend distributable on October 31 to the October 15 stockholders of record.

The stocks market value is $41 per share on October 2.

journal entry and balance sheet answer please? both are 18% stock devidants