On November $1,2016,$ the Cranberry Construction Company declared a property dividend payable in the form of

bonds classified as held to maturity. The bonds will be distributed to the common stockholders on

December $15,2016.$ The bonds to be distributed to the common stockholders originally cost Cranberry $$210,000.$

Fair value of the bonds on November $1,2016$ established at $$235,000.$ Prepare journal entry$($s$)$ required

for this event.