Cinco de Mayo Company has the following Stockholders' Equity at December 31, 20XX Common Stock $25 par value, 40,000 shares authorized, 20,000 shares issued $500,000 Paid in Capital in Excess of Par Value, Common Stock 160,000 Retained Earnings 680.000 Total $1,340,000 Make journal entries for the new year as follows: Feb 4 The Board declared a $.50 per share cash dividend to stockholders of March 4 Mar 4 We paid the cash dividend Apr 4 The Board declared a stock dividend of 5% to the stockholders of May 4 when market value of the common stock is $30 per share. May 4 We distributed the stock dividend June 4 The board declared a $.50 per share cash dividend to stockholders of July 4 July 4 We paid the cash dividend Sept 4 The Board declared a 2 for 1 Stock Split