X Edit & Create On January 1, year 1, Calvin Corporation had 55,000 common shares issued. During the subsequent months, the following transactions occurred: Year 1 Mar. 1 Issued 45,000 common shares for $550,000. June 1 Declared a cash dividend of $3 per share to shareholders of record on June 15. June 30 Paid the $3 cash dividend. Dec. 15 Declared a 10% stock dividend to shareholders of record on December 31. On December 15, Calvin's share price was $5. Year 2 Jan. 30 Distributed stock dividend. Instructions: Record the entries required on each of: March 1, June 1, June 15, June 30, December 15 & December 31 of Year 1 plus January 30, Year 2 for the above events. If no entry is required, you must indicate clearly that no entry is required & why