Aggregate Mining Corporation was incorporated five years ago. It is authorized to issue 550,000 shares of $100 par value 8% cumulative preferred stock. It is also authorized to issue 50,000 shares of $6 por value common stock. It has issued 50,000 of the common shares and 1,000 of the cumulative preferred shares. The corporation has never declared a dividend and the preferred shares are one year in arrears. Aggregate Mining has the following transactions this year Mar. 1 Declares a cash dividend of $20,000 Mar 30 Pays the cash dividend. Jul 10 Declares a 3-for-1 stock split of its common shares A. Prepare the journal entries to record the transactions. If an amount box does not require an entry, leave it blank If no entry is required, select "No Entry Required and leave the amount boxes blank Mar. 1 Mar 30 Jul. 10 B. For the stock spot, show the calculation for how many shares are outstanding after the split and the par value per share after the spot Outstanding shares after split Parva per share