The shareholders equity of Core Technologies Company on June 30, 2017, included the following:

Common stock, $1 par; authorized, 6 million shares; issued and outstanding, 1 million shares	$	1,000,000
Paid-in capitalexcess of par		4,000,000
Retained earnings		15,000,000

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 $34 on April 1, 2018, and $44 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.

Stock Dividend
Number of Outstanding Shares	?
Stock Dividend %	?
Number of shares to be issued	?
?	?
Value of stock dividend	?