ckholder's equity section of Perry Inc. as of December 31, 2019, listed the following: Preferred stock, 6%, 100,000 shares, $5 par............. ...$500,000 Common stock 400,000 shares at $1 par... ....400,000 Paid in capital in excess of par, preferred stock.. .600,000 Paid in capital in excess of par, common stock......... ............2,000,000 Retained earnings............... .................... 8,000,000 Treasury Shares (5,000 shares) .....09 ...... (35,000) Total Stockholder's equity.......... ............... $11,465,000 Listed below are 2020 transaction effecting the stockholder's equity of Perry, Inc. On March 3, a 5 for 4 common stock split was declared the split was affected in the form of a stock dividend when the per share market value was $8. On June 1, a property dividend of 200,000 shares was distributed to common stockholders. The book value of the shares was $600,000; but had a fair value of $650,000. On June 15, 1,000 shares of treasury stock were sold $8. On July 5, a 2% stock dividend was issued to common shareholders. The market value of the stock was $9. On that date. On December 1, a 6% dividend was paid to preferred shareholders. On December 1, a cash dividend of $0.75 was declared on common shareholders of record on December 15 and paid on December 31. Required: Prepare journal entries for the above transactions; date of transactions is required