2. On January 1, 2014, the following information appears in the records of Boultin Holdings Inc.: Authorized shares: Retained earnings balance Accumulated other comprehensive income Common shares Preferred shares Unlimited number of common shares; 1,000,000 $0.50 preferred cumulative shares $485,000 $110,000 120,000 issued; total cost $390,000 10,000 issued; total cost $100,000 During the year, the company had the following transactions: Mar 31 Declared cash dividends on common shares of $0.50 per share: payable to shareholders of record on April 10, and payable on April 25. Jun 30 Declared the entire annual dividend required on preferred shares; payable to shareholders of record on July 15, and payable on July 31. Sep 15 Declared a 10% stock dividend to shareholders of record on October 5, and distributable on October 15. The market price of the common share is $10.50 All dividends were paid or distributed on the due date. Journalize the dividend transactions. Date Mar 31 Apr 25 Jun 30 12 Marks] [1 Mark 12 Marks July 31 [1 Mark Sept 15 2 Marks Oct 15