2. (25 points) On January 1, 2020, Thomson Inc. had the following account balances in its hareholders' equity accounts. Common stock, $1 par, 250,000 shares issued of which 5,000 Shares being held as treasury stock Paid-in capital excess of par, common Preferred stock, $100 par, 10,000 shares outstanding Paid-in capital excess of par, preferred Retained earnings Treasury stock, at cost, 5,000 shares $250.000 500,000 1,000,000 100,000 2,000,000 25,000 During 2020, Thomson Inc. had several transactions relating to common stock. 1/15 2/17 3/20 4/17 7/18 Declared a property dividend, payable in bonds of Goodings Corp. being held to maturity. The book value of the bond is $28,000 but the current market value is $34,000. Distributed the property dividend. Reissued 1,000 shares of treasury stock at $7 per share. Declared a 2 for 1 stock split on common stock effective 4/24. Declared and distributed a 4% stock dividend on outstanding common stock market value per share, $7. Declared a ten cents per share cash dividend on the outstanding common shares. Ex-dividend date for the cash dividend. Date of record for the cash dividend. Paid the cash dividend declared on 11/1. 11/1 11/26 11/27 12/15 Required: Record the above transactions and events in the journal entry format