Wartield Company has outstanding 3,000,000 haves of common stock with a par value common stock outstanding. A stock dividend of 5%% wat debiard0/ So stentser-55,7010, and distributed (o sacrobeet- follows of record at the close of business of dator 37,2075. The market price of the Mock has been September 30, 2016, $20 $22 on October 31, 2016.

Prepare the journal entry to record the declaration and distribution of the stock dividend. 

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