Aggregate Mining Corporation was incorporated five years ago. It is authorized to stue 500,000 shares of $100 par value 8% cumulative preferred stock. It is also authorized to issue 700,000 shares of $6 par 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 Retained Earnings for Preferred Stock X Retained Earnings for Common Stock Cash Dividends Payable v Mar 30 Cash Dividends Payable Cash HII II II Jul, 10 No Entry Required No Entry Required B. For the stock split, show the calculation for how many shares are outstanding after the split and the par value per share after the split Outstanding shares after split Par value X per share