A Corporation Had Stockholders' Equity on January 1 as Follows

A corporation had stockholders' equity on January 1 as follows: common stock,$5 par value,1,000,000 shares authorized,500,000 shares issued; contributed capital in excess of par value,common stock,$1,000,000; retained earnings,$3,000,000.Prepare journal entries to record the following transactions:
$$\begin{array} { | l | l | } \hline \text { Feb. 15 } & \begin{array} { l } \text { The board of directors declared a 5\%/ stock dividend to stockholders of } \\\text { record on March } 1 , \text { to be issued on March 20. The stock was trading at } \$ 6 \\\text { per share prior to the dividend. }\end{array} \\\hline \text { Mar. 1 } & \text { The date of record. } \\\hline \text { Mar. } 20 & \text { Issued the stock dividend. } \\\hline\end{array}$$