Prepare the journal entries on the appropriate dates to record the stock dividend and the stock split.

Metlock, Inc.'s stockholders' equity section at December 31, 2019, appears below: $720,000 Stockholder's equity Paid-in capital Common stock, $10 par, 72,000 outstanding Paid-in capital in excess of par Total paid-in capital Retained earnings Total stockholder's equity 165,000 $885,000 154,000 $1,039,000 On June 30, 2020, the board of directors of Metlock, Inc. declared a 15% stock dividend, payable on July 31, 2020, to stockholders of record on July 15, 2020. The fair value of Metlock, Inc.'s stock on June 30, 2020, was $16. On December 1, 2020, the board of directors declared a 2-for-1 stock split effective December 15, 2020. Metlock, Inc.'s stock was selling for $18 on December 1, 2020, before the stock split was declared. Par value of the stock was adjusted. Net income for 2020 was $226,000 and there were no cash dividends declared