DIVIDENDS On Dec 15 the Board of Directors declared a $0.50 per share cash dividend on outstanding stock. The date of record is Jan 2 and will be paid on Jan 15 . There are 12,000 shares of common stock outstanding at Dec 15. Record all Journal Entries related to cash dividends. On Feb 1st the board of directors declared a 10% stock dividend for the 1,000$1 par shares outstanding with a market price of $4 per share. The stock dividend will be distributed on Mar 1x to shareholders on record as of Feb 20. Record all Journal Entries needed related to the stock dividend (declaration, date of record, date of payment) On Feb 1st the board of directors declared a 30% stock dividend for the 1,000 $1 par shares outstanding with a market price of $4 per share. The stock dividend will be distributed on Mar 111 to shareholders on record as of Feb 20. Record all Journal Entries needed related to the stock dividend (declaration, date of record, date of payment)