eBook Aggregate Mining Corporation was incorporated five years ago. It is authorized to issue 500,000 shares of $100 par value 8% preferred stock. It is also authorized to issue 800,000 shares of $1 par value common stock. It has issued only 50,000 of the common shares and none of the preferred shares. In its sixth year, the corporation has the following transactions: Mar. 1 Declares a cash dividend of $2 per share. Mar 30 Pays the cash dividend. Jul 10 Declares a stock divided when the stock is trading at $1 per share. Aug. 5 Issues the stock dividend Prepare the Journal entries to record the transactions. It an amount box does not require an entry leave it blank Mar. 1 Mar. 30 II II III II II II III DO Jul 10 - Aug. 5