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On Octobet 15,2024 , a 6% stock dividend was declared and distributed. The fair value of the common stock on this date was $323 per share. Fractional share rights represented 100,000 shares. Cash was paid in lieu of issuing fractional share rights, On the date of declaration and payment, the company had 103 milion shares of common stock outstanding. The par of the common shares was $5 per share. Requlred: Prepare any necessary journal entries to record the above events Note: If no entry is required for a transoction/event, select "No Journol entry required" In the first account field. Enter your answers In whole dollars. Journal entry worksheet Record the entry for declaration and distribution of stock dividend. Nobnt Enter debut befork erima