CASH DIVIDENDS, STOCK DIVIDEND, AND STOCK SPLIT During the year ended December 31, 20--, Kuang-fu Company completed the following transactions:

Apr. 15 Declared a semiannual dividend of $0.80 per share on preferred stock and $0.50 per share on common stock to shareholders of record on May 5, payable on May 10.

Currently, 4,000 shares of $100 par preferred stock and 50,000 shares of $1 par common stock are outstanding.

May 10 Paid the cash dividends.

Oct. 15 Declared semiannual dividend of $0.80 per share on preferred stock and $0.50 per share on common stock to shareholders of record on November 5, payable on

November 20.

Nov. 20 Paid the cash dividends.

22 Declared a 10% stock dividend to shareholders of record on December 8, distributable on December 16. Market value of the common stock was estimated at $8 per share.

Dec. 16 Issued certificates for common stock dividend.

20 Board of directors declared a two-for-one common stock split.

REQUIRED

Prepare journal entries for the transactions.