II Symbol Two Corporation has 70,000 shares common stock and par value is $ 1 per share Prepare the required journal entries for the following unrelated items. (a) A property dividend is declared September 12, 2020, and paid October 1, 2020. The property has a book value of $50,000 and a fair market value of $205,000. (b) A 10% stock dividend is declared and distributed at a time when the market value of the shares is $25 per share. (c) The par value of the capital stock is reduced to $0.50 with a 2-for-1 stock split. Perform calculation for the following item. (d) Symbol Two Corporation has 70,000 shares common stock and par value is $1 per share. Assume the company also has 10,000 shares 4% preferred stock. Preferred stock has a par value of 3 per share and is cumulative and participating. The company did not declare or pay dividend in previous two years. In current year, $7400 dividend is declared. How much dividend should be allocated to common shareholder and how much dividend should be allocated to preferred shareholder