2. (25 points) On January 1, 2017. The shareholders' equity accounts. anuary 1, 2017. Thomson Inc. had the following account balances in its Common stock, Si par. 250.000 shares issued of which 5,000 Shares being held as treasury stock Paid-in capital excess of par, common Preferred stock, S100 par. 10.000 shares outstanding Paid-in capital excess of par, preferred Retained earnings Treasury stock, at cost, 5,000 shares $250,000 500,000 1,000,000 100.000 2,000,000 25,000 During 2017, Thomson Inc. had several transactions relating to common stock. 1/15 2/17 3/20 4/17 7/18 Declared a property dividend, payable in bonds of Goodings Corp. being held to maturity. The book value of the bond is $28,000 but the current market value is $34,000. Distributed the property dividend. Reissued 1,000 shares of treasury stock at $7 per share. Declared a 2 for 1 stock split on common stock effective 4/24. Declared and distributed a 4% stock dividend on outstanding common stock, market value per share, $7. Declared a ten cents per share cash dividend on the outstanding common shares. Ex-dividend date for the cash dividend. Date of record for the cash dividend. Paid the cash dividend declared on 11/1. 11/1 11/25 11/29 12/20 Required: Record the above transactions and events in the journal entry format