On February 15, Red Mountain Corporation's board of directors declared a 2 percent stock dividend applicable to the outstanding shares of its $10 par value common stock, of which 200,000 shares are authorized, 130,000 are issued, and 20,000 are held in the treasury. The stock dividend was distributable on March 1 5 to stockholders of record on March 1 . On February 15, the market value of the common stock was $ 1 5 per share. On March 30, the board of directors declared a $.50 per share cash dividend. No other stock transactions have occurred. Record, as necessary, the transactions of February 15, March 1, March 15, and March 30. L01