13. On January 1,2016, Gerlach Inc. had the following account balances in its shareholders' equity accounts Common stock,$1 par, 249,000 shares issued Paid-in capital -excess of par, common Paid-in capital-excess of par, preferred Preferred stock, $100 par, 15,500 shares outstanding Retained eamings Treasury stock, at cost, 4,900 shares 249,000 498,000 155,000 1,550,000 3,100,000 24,500 During 2016, Gerlach Inc. had several transactions relating to common stodk 15: per share, market value $9.55 per share). Distributed the property dividend. A2-for-1 stock split was dedlared and distributed on outstanding in the form of a stock dividend. The market Debit Retained earnings. Declared and distributed a 3% stock dividend on outstanding common stock market value per share, $5 February 17: April 10: common stock and effected value of the stock was $4 on this date. Hint July 18: December 1: Declared a 50 cents per share cash dividend on the outstanding common shares. 20: Paid the cash dividend. Required: Record the above transactions and events in journal entry format (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet