1. Gloria has 600,000 shares of $1 par value common stock outstanding. The following transactions occurred during the year:

1. During April, Gloria declared a 10% stock dividend when the market price of the stock was $36 per share.
2. During May, Gloria distributed the stock dividend.
3. During June, Gloria declared a $0.50 per share cash dividend.
4. During July, Gloria paid the cash dividend.

Prepare the entries for each of these transactions.