The shareholders equity of Core Technologies Company on June 30, 2015, included the following:

Common stock, $1 par; authorized, 4 million shares; issued and outstanding, 1 million shares	$	1,000,000
Paid-in capitalexcess of par		4,000,000
Retained earnings		13,000,000

On April 1, 2016, 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 $30 on April 1, 2016, and $40 on June 1, 2016.

19 18-19 Stock dividend L018-8] Exercise The shareholders' equity of Core Technologies Company on June 30, 2015, included the following: Common stock, $1 par; authorized, 4 million shares; 1,000,000 issued and outstanding, 1 million shares 4,000,000 Paid-in capital excess of par Retained earnings 13,000,000 On April 1, 2016, 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 $30 on April 1, 2016, and $40 on June 1,2016. Required: Complete the below table to calculate the stock dividend. Stock Dividend Number of outstanding shares Stock dividend percentage Number of shares to be issued Value of stock dividend Prepare the journal entries to record the declaration and distribution of the stock dividend. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) transaction list view transa Journal E 1. Record the declaration of the stock dividend 2. Record the distribution of the stock dividend. Record Date June 01, 2 journal entry has been entered do