CASH DIVIDENDS, STOCK DIVIDEND, AND STOCK SPLIT During the year ended December 31,20--, Choi Company completed the following transactions Apr. 15 Declared a semiannual dividend of $1.50 per share on preferred stock and $0.40 per share on common stock to shareholders of record on May 5, payable on May 10. Currently, 6,000 shares of $50 par preferred stock and 80,000 shares of $1 par common stock are outstanding Paid the cash dividends. Declared semiannual dividend of $1.50 per share on preferred stock and S0.40 per share on common stock to shareholders of record on November 5, payable on November 20 Paid the cash dividends. May 10 Oct. 15 Nov. 20 22 Declared a 10% stock dividend to common shareholders of record on December 8, distributable on December 16. Market value of the common stock was estimated at $7 per share Issued certificates for common stock dividend. Board of directors declared a two-for-one common stock split. Dec. 16 20 REQUIRED Prepare journal entries for the transactions