Instructions Selected transactions completed by Canyon Ferry Boating Corporation during the current fiscal year are as follows: Jan. 8 Split the common stock 2 for 1 and reduced the par from $70 to $35 per share. After the split, there were 153,000 common shares outstanding. Apr. 3 Declared semiannual dividends of S0.65 on 20,000 shares of preferred stock and $0.22 on the common stock payable on July 1 1 d it cash dividends. Oct. 31 Declared semiannual dividends of S0.65 on the preferred stock and $0.13 on the common stock (before the stock dividend). In addition, a 2% common stock dividend was declared on the common stock outstanding. The fair market value of the common stock is estimated at $55. Dec 31 Paid the cash dividends and issued the certificates for the common stock dividend. Journalize the transactions. If no entry is required, simply skip to the next transaction. Refer to the Chart of Accounts for exact wording of account titles