FINANCIAL ACCOUNTING II As of January 1, 2019, The Seeplus Company had the following items in its capital structure: o Preferred stock, 6%, $5 par value, 100,000 shares authorized, 80,000 shares issued, 60,000 shares outstanding, convertible into 42,000 shares of common stock o Common stock, $4 stated value, 40,000 shares authorized, 25,000 shares issued, 6,000 shares in the treasury o Retained earnings of $612,000 On August 1, 2019, Seeplus's governing board declared a 15% common stock dividend, for holders of record at September 1, 2019, when the market value was $7 per share. When the dividend was distributed on October 1, 2019, 30% of the dividend was in the form of dime" stock warrants. On December 31, 2019, Seeplus was notified by its stock transfer agent that 60% of the warrants had been exercised, and the remaining warrants had expired. Provide all the journal entries necessary for The Seeplus Company's stock dividend