Jan.8 Split the common stock 2 for 1 and reduced the par from $80 to $40 per share. After the split, there were 150,000 common shares outstanding.Apr.30Declared semiannual dividends of $0.75 on 18,000 shares of preferred stock and $0.28 on the common stock payable on July 1.Jul.1Paid the cash dividends .Oct.31Declared semiannual dividends of $0.75 on the preferred stock and $0.14 on the common stock (before the stock dividend ). In addition, a 5% common stock dividend was declared on the common stock outstanding. The fair market value of the common stock is estimated at $52.Dec.31Paid the cash dividends and issued the certificates for the common stock dividend