The Arcadia Company began operations on January Ist, by issuing 500,000 shares of \($1\) par value common stock at a price of \($10\) per share. On July Ist of the same year the company repurchased 10,000 shares of its common stock for cash at a price of \($15\) per share. During its second year of operations the company executed the following events in the sequence listed.

a. Declared a 2-for-1 forward stock split.

b. Declared and distributed a ten percent stock dividend on the outstanding shares at the time when the market price per common share was \($18\) per share.

c. Paid a cash dividend of \($.10\) per share on all outstanding common shares.

Required

Using a spreadsheet approach, record these second year transactions for the Arcadia Company.