Aggregate Mining Corporation was to corporated five years ago. It is authorized to issue 500,000 shares of 100 par valve 10 preferred stock. It is also authorities to 300,000 shares or sto valve common stock. It has issued only 40,000 of the common shares and none of the preferred shares in its sixth year, the corporation has the following transactions Mar. 1 Declares a cash dividend of $2 per share. Mar. 30 Pays the cash dividend. Jul 10 Declares a 5 stock dividend when the stock is trading at $20 per share. Aug. 5 Issues the stock dividend Prepare the journal entries to record the transactions. If an amount box does not require an entry, love it bank eine Earnings 10. Cach Dividende Payable 100.000 1910 Mar 30 Cash Dividends Payable 100.00 100 Jul 10 Retained Earnings Aug 5 Cash Dividends Payable Common Stock