January 1 Issues 3,000 shares of no-par common stock for $20 per share

March 15 Issues 800 shares of $20 par value preferred stock for $22 per share.

December 1 Declares a cash dividend of $1 per share to all stockholders of record (both common and preferred) on December 15.

December 15 Date of record.

December 31 Pays the cash dividend declared on December 1. Record each of these transactions as journal entries.