Question 3 of 6 - / 10 4. Declared a 10% stock dividend on the outstanding common shares at their fair value when the shares were selling for $48 per share. 5. Issued the stock dividend. 6. Declared the annual 2020 $6 per share dividend on preferred shares and a $4 per share dividend on common shares. These dividends are payable in 2021. The contributed surplus arose from net excess of proceeds over cost on a previous cancellation of common shares. Total assets at December 31, 2019, were $2,140,000, and total assets at December 31, 2020 were $2,616,000. The company follows. IFRS Prepare journal entries to record the transactions above. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts.) Debit Credit Account Titles and Explanation 1. Activate Windows Go to Setting the wind 2. 22 PM 2021-06 22 BI SENG 2 . e here to search Question 3 of 6