1. On January 1, 2022, Aero Inc. had the following account balances in its shareholders' equity accounts.

Common stock, $1 par, 250,000 shares issued	250,000
Additional paid-in capital, common	500,000
Additional paid-in capital, preferred	100,000
Preferred stock, $100 par, 10,000 shares issued	1,000,000
Retained earnings	2,000,000
Treasury stock, at cost, 5,000 common shares	25,000

During 2022, Aero Inc. had several transactions relating to common stock.

January 15:	Declared a property dividend of 100,000 shares of Houston Company (book value $10 per share, fair value $9 per share).
February 17:	Distributed the property dividend.
July 18:	Declared and distributed a 3% stock dividend on outstanding common stock. The fair value is $5 per share.
December 1:	Declared a 50 cents per share cash dividend on the outstanding common shares.
December 20:	Paid the cash dividend.

1) Prepare the journal entry (ies) for the above transactions.