3 On January 1, 2021, Dress For Success had 10,000 6% $100 per value preferred stock and 60,000 common shares, 55 per vale Issued and outstanding. During the year, the following transactions occurred: (50 points) Instructions a. Prepare journal entries to record each of the transactions below. If no entry is required, indicates 8 29 50 51 52 53 Declared a 15% stock dividend on outstanding common stock. The market price per shares of March 11 517 55 56 57 58 April 10. The 15% stock dividend declared on March 1 was issued to the common stockholders 90 51 May 10 Declared a 30% stock dividend on outstanding common stock. The market price per share as of May 10 is 515 55 56 57 58 30 May The 30W stock dividend declared on May 10 was issued to the common stockholders. The market price of the share on that is 25 70 22 S-Jun A2 for 1 stock spot was announced for common stockholders on record as of July. The market price of the shore 45 on unes 94 25 15-Jun Declared a cash dividend of $2.00 per share to common stockholders of record on May 15 27 38 29 50 32 15-Aug Paid the $2.00 cash dividend declared on June 15. 34 35 86 1-Sep Declared a cash dividend to preferred stockholders of record on October 15 31-OC Paid preferred stockholders dividend declared on September 1 95 96 97 98 99 300 203 b. Prepare all closing entries at yearend. 102 103 104 105 106 307