Jounalize the following selected transactions completed during the current fiscal year: 1. The board of directors declared a stock split that reduced the par of common shares from $100 to $20. This action increased the number of outstanding shares to 400,000 Jan. 3 Declared a dividend of $1.75 per share on the outstanding shares of common stock 22 Paid the dividend declared on January 22. 8 Feb. Declared a 5% stock dividend on the common stock outstanding (the fair market value of the stock to be issued is $30). Sept. I Issued the certificates for the common stock dividend declared on September I. Oct. I 2. On January 1, Year 1, a company had the following transactions: Issued 10,000 shares of $2.00 par common stock for $12.00 per share. Issued 3,000 shares of $50 par, 6% cumulative preferred stock for $70 per share. Purchased 1,000 shares of previously issued common stock for $15.00 per share. The company had the following dividend information available: Year 1 - No dividend paid Year 2 - Paid a $2,000 total dividend Year 3- Paid a $20,000 total dividend Year 4 - Paid a $25,000 total dividend Using the following format, fill in the correct values for each year: Year I Year2 Year 3 Year 4 Common stock dividend Preferred stock dividend Dividends in arrears 3. Sabas Company has 20,000 shares of S 100 par, 1% noncumulative preferred stock and 100,000 shares of $$0 par common stock. The following amounts were distributed as dividends: Year 1: Year 2: Year 3: $10,000 15,000 90,000 Determine the dividends per share for preferred and common stock for each year