VIne Corporation has 30,000 shares of $8 par value common stock outstanding when a 5 for 1 stock split is declared. At the time of declaration, the...

VIne Corporation has 30,000 shares of $8 par value common stock outstanding when a 5 for 1 stock split is declared. At the time of declaration, the market price of the stock is $500 per share. Give the entry necessary to record the stock split.