A Corporation Has 200,000 Shares of $10 Par Value Common

A corporation has 200,000 shares of $10 par value common stock outstanding.The following selected transactions related to the company's stock took place during the current year:
$$\begin{array} { | l | l | } \hline \text { Apr. } 15 & \begin{array} { l } \text { Declared a 40\% stock dividend to stockholders of record on May } 1 , \text { to be } \\\text { issued May } 10 \text {. The curent riarket valued is } \$ 15 \text { per common share. }\end{array} \\\hline \text { May 1 } & \text { Date of record. } \\\hline \text { May } 10 & \text { Issued the common stock dividend. } \\\hline\end{array}$$
Prepare the journal entries to record these transactions.