Chance Corp.'s December 31, 20X1, balance sheet is presented below: Cash Investments. $20,000 30,000 Total $50,000 Common Stock - $2 par APIC-C/S Retained Earnings Total $10,000 22.000 18,000 $50,000 Chance's investments are stocks of XYZ Corp, that are recorded at cost (5,000 shares at $6 per share). Prepare journal entries needed to record the following independent events. Disregard previous entries when answering any part. 1. On June 30, 20X2, Chance distributed, as a property dividend, 2,000 shares of XYZ Corp. XYZ Corp, stock had a fair value of $5 per share at December 31, 20X1, and $4.50 per share at June 30, 20X2. 2. Chance Corp. declared and distributed a 20% stock dividend when the price of its stock was $12 per share. The dividend was treated as a "small" stock dividend. 3. Return to the above stock dividend in #2. Assume Chance Corp. treated the transaction as a "large" stock dividend. 4. Chance Corp, declared and distributed a two-for-one stock split when the price of its stock was $15 per share. Chance Corp. reduced the par value per share to $1.50. 5. Chance Corp. declared and distributed a $.50 per share cash dividend to all shareholders on record on January 1, 20X2