The following data were taken from the balance sheet accounts of Wickham Corporation on December 31, 2012.

Current assets                                                             $540,000
Debt investments                                                          624,000
Common stock (par value $10)                                    600,000
Paid-in capital in excess of par—common stock         150,000
Retained earnings                                                         840,000

Instructions
Prepare the required journal entries for the following unrelated items.
  (a) A 5% stock dividend is declared and distributed at a time when the market price is $39 per share.
  (b) The par value of the capital stock is reduced to $2 with a 5-for-1 stock split.
  (c) A dividend is declared January 5, 2013, and paid January 25, 2013, in bonds held as an investment. The bonds have a book value of $90,000 and a fair value of $125,000.