Below is an excerpt from the balance sheet of Higgins Corporation for the year ended December 31, 2020:

Higgins Corporation entered into the following share transactions during the year ended December 31, 2021.

For each of the transactions below, please write the appropriate journal entry. If no journal entry is needed, please indicate this by writing "NO ENTRY NEEDED" (i.e., do not just leave the entry blank).

A. January 15, 2021 A 2:1 stock split was declared and enacted

B. February 3, 2021 The directors of Higgins Corporation declared a 5% stock dividend on the company's common shares, payable on February 20 to shareholders of record on February 10. The market value on the declaration date was $26.

C. February 20, 2021 Higgins Corporation distributed to its shareholders the stock dividend declared on February 3, 2021.

D. May 1, 2021 Higgins Corporation repurchased 50,000 common shares for $5 per share.

E. September 1, 2021 Higgins Corporation repurchased 75,000 common shares for $8 per share.

F. December 21, 2021 The directors of Higgins Corporation declared a cash dividend of $2 per share on the company's common shares, payable on January 15 to shareholders of record on January 8.

Higgins Corporation Balance Sheet Excerpt As at December 31, 2020 Shareholder's Equity Common Shares (100,000 shares issued and outstanding) Contributed Surplus Retained Earnings 1,000,000 50,000 5,000,000 6,050,000 Total