The shareholders equity of Core Technologies Company on June 30, 2017, included the following: Common stock, $1 par; authorized, 9 million shares; issued and outstanding, 4 million shares $ 4,000,000 Paid-in capitalexcess of par 16,000,000 Retained earnings 18,000,000 On April 1, 2018, the board of directors of Core Technologies declared a 10% stock dividend on common shares, to be distributed on June 1. The market price of Core Technologies common stock was $40 on April 1, 2018, and $50 on June 1, 2018. Required: Complete the below table to calculate the stock dividend. Prepare the journal entries to record the declaration and distribution of the stock dividend.