Nest Corp. reports the following transactions for 2020:

Jan. 27 Sold 30,000 common shares for $10 per share.

Feb. 1 Sold 6,000 shares of $1.50, noncumulative, preferred shares for $70 per share.

Oct. 13 Declared a 10 percent stock dividend on the common shares. The current market price of the common shares is $12 per share. There are 90,000 common shares outstanding on October 13.

Nov. 16 Distributed the stock dividend declared on October 13.

Dec. 11 Declared the annual dividend required on the preferred shares and a $0.35 per share dividend on the common shares. There are 20,000 preferred shares outstanding at this time.

Required

Prepare journal entries for the above transactions. Explanations are not required.