Chapter 13 Review Problem Jan. 1: Issued 7,000 shares of $100 PV, 4%, preferred stock at par. Jan. 2 Declared a 2:1 stock split on the common Feb.1: Issued 6,000 shares of common stock for equipment valued at $139,000. Mar.1: Declared and issued a 10% stock dividend when the market price was $25 per share. May 1: Reacquired 3,000 shares @ $28. Dec. 1: Declared a $2 per share dividend on the common stock. Dec. 30: Paid the Dec, 1 dividend. Dec. 31: Net income for the year was $640,000. REQUIRED: Make the necessary journal entries for the above dates