Aggregate Mining Corporation was incorporated five years ago. It is authorized to issue 600,000 shares of $100 par value 10% preferred stock. It is also authorized to Issue 900,000 shares of S1 par value common stock. It has issued only 50,000 of the common shares and none of the preferred shares, in its seventh year, the corporation has the following transactions: Declares a cash dividend of $5 per share. Mar 30 Pays the cash dividend. Jul 10 Declares a property dividend of 1/2 ton of limestone per share when the price of limestone is $25 per ton. Mar. 1 Prepare the journal entries to record the transactions. If an amount box does not require an entry, leave it blank. Mar. 1 Mar. 30 Jul. 10