1. On January 1, 2024, GHI Co. had 40,000 shares of common stock authorized, of which 24,000 shares were issued. The company's accounting records showed the following balances on August 31, 2024: On September 1, 2024, GHI's Board of Directors declared a 20\% (small) stock dividend for the common stock, when the fair value of the stock was $110 per share. When the stock dividend was distributed on October 1, 2024, the dividend included fractional-share warrants representing 480 potential shares. By December 31,2024,90% of the warrants had been exercised, but the remaining 10% were still outstanding and were not exercised until 2025. On December 15, 2024, GHI Co. also reacquired 3,600 shares of its own common stock for $110 per share and issued 15,000 shares of convertible preferred stock with a stated value of $200 per share. On December 30, 2024, GHI Co. declared a cash dividend for the common stock of $1 per share. No cash preferred stock dividend was declared. GHI Co. had no additional net income or loss for the period September 1 through December 31, 2024. On separate pages for this problem, prepare: A. The journal entries required for the declaration and issuance of the common stock dividend. B. A statement of stockholders' equity for GHI Co. on December 31,2024 , including all the transactions described above, as applicable