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The bullseye board of directors declared a property dividend on march 15distributable on april 30to...

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Accounting

The bullseye board of directors declared a property dividend on march 15distributable on april 30to common stockholders of record on april 1. The following information is available regarding the property.
March 15 book value of the property = $500,000
March 15 fair value of the property = $580,000
April 30 fair value of the property = $620,000
The $$ to be distributed to owners through this dividend will be how much?
What are the journal entries for March 15?
What are the journal entries for April 30?

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