Exercise 11-5 On January 1, 2018, Ridgewood Corporation had 84,000 common shares, recorded at $630,000, and retained earnings of $962,000. During the year, the following transactions occurred Apr. 2 Issued 5,400 common shares at $20 per share. June 15 Declared a cash dividend of $0.25 per share to common shareholders of record on June 30, payable on July 10 Aug. 21 Declared a 5% stock dividend to common shareholders of record on September 5, distributable on September 20. The shares ere trading for S22 a share on August 21 .om September and s on September 20 Nov. 1 Issued 2,900 common shares at $25 per share. Dec. 20 Declared a cash dividend of $0.30 per share to common shareholders of record on December 31, payable on January 10. Record the above transactions for 2018. Note: Closing entries are not requred. Cre lit account titles are automatically inden ed when the amount sentere required, select "No Entry" for the account titles and enter O for the amounts. Round answers to 0 decimal places, e.g. 5,275) o fent manual . no entrys Date Account Titles and Explanation Debit Credit