2 Your answer is partially correct. The articles of incorporation of Wildhorse Alrlines Co. authorized 5 million common shares. The corrpany originally issued 4,030,000 common shares. However, over the years the company had repurchased and cancelled 820,000 common shares. The board declared a 50.50 cash dividend on January 1 and July 1 . The date of record for the dividends is the 15 th of the month, and the shares trade ex. dividend on the 13 th. The dividends are paid on the last day of the month in which they were deciared. The board of directors also deciared a 5% stock dividend on October 31 , and the market price on the date of deciaration was $14.20 per share. The stock dividend was distributed on the date of declaration. Prepare all of the journal entries required to record the above transactions. (Credit account tities are automaticoily indented when the amount is entered. Do not indent manually if ne entry is required, select "No fintry" for the account tities and enter 0 for the amounts. Lit oll debit entries before credit entries. Record journal entries in the order presented in the problem.)