1On January 1, 2021, Sikie Shoe Manufacturing Corporation had 60,000 shares of $5 par value common stock issued and outstanding and 10,000 6% cumulative preferred stock issued and outstanding. During the year, the following transactions occurred: (25 points) Declared a 20% stock dividend on outstanding common stock to stock holders of record March 15, The market 1-Mar 1-Apr 10-Apr 30-Apr price per share as of March 1 is $18 The 20% stock dividend declared on March 1 was issued to the common stockholders. Declared cash dividend to preferred stockholders of record on April 20 Paid preferred stockholders' dividend declared on April 10 Declared a 35% stock dividend on outstanding common stock to stockholders of record May 20, The market price 10-May per share as of May 10 is $25 The 35% stock dividend declared on May 10 was issued to the common stockholders. A 3 for 1 stock split was announced for common stock holders on record as of October 15. The market price of the 30-May 30-Sep share was $90 on Sept 30 Declared a cash dividend of $1.00 per share to common stockholders of record on Dec. 10 Paid the $1.00 cash dividend to the common shareholders 1-Dec 20-Dec Instructions a. Prepare journal entries to record each of the above transactions. If no entry is required, indicate so b. Prepare all closing entries at year-end