Declared a cash dividend on the 5%,$100 par preferred stock(900 shares outstanding). Declared a $0.30 per share dividend on the 80,000 shares of common stock outstanding. The date of record is January 31 and the payment due is February 15 Paid the cash dividends Split common stock 2 for 1. Before the split, Summer born had 80,000 shares of $50% stock dividend on the common stock. The market value of the common stock was $9 per share. Purchased 1,000 shares of treasury stock at $q3 per share Sold 500 shares of treasury stock for $15 per share Sold 300 shares of treasury stock for $8 per share. Record the transactions in summer born/s general journal Journalizing dividend and Treasury stock transactions, and preparing