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The shareholders' equity of Core Technologies Company on June 30,2023, included the following:On...

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Accounting

The shareholders' equity of Core Technologies Company on June 30,2023, included the following:On April 1,2024, 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 1,2024, and $40 on June 1,2024.
Required:
Prepare the journal entries to record the declaration and distribution of the stock dividend.
Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field.
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