Please answer with detailed calculations with Journal Entries for declaration and distribution of the stock dividend.

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The shareholders' equity of Core Technologies Company on June 30. 2015. included the following: Common stock. $1 par: authorized. 9 million shares: issued and outstanding. million shares Paid-in capital-excess of par Retained earnings On April 1 2016. 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 $40 on April 1. 2016. and $50 on June 1. 2016. Complete the below table to calculate the stock dividend