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s: Organization, Stock Transactions, and Dividends Q Search this cou PR 13-5B Entries for selected corporate transactions Obj. 3, 4. S, 6 West Yellowstone Outfitters Corporation manufactures and distributes leisure clothing. Selected transactions completed by West Yellowstone Outitters during the current fiscal year are as follows: Jan. 15. Split the common stock 4 for 1 and reduced the par from $120 to $30 per share. After the split there were 800,000 common shares outstanding Declared semiannual dividends of $0.25 on 100,000 shares of preferred stock and $0.07 on the 800,000 shares of $30 par common stock to stockholders of record on March 31, payable on April 30 Paid the cash dividends Purchased 60,000 shares of the corporation's own common stock at $32, recording the stock at cost. Mar. 1. Apr. 30. May 31. Aug. 17. Sold 40,000 shares of treasury stok at $38, recelving cash. Sept. 1. 1| Declared semiannual dividends of $0.25 on the preferred stock and $0.09 on the common stock (before the stock dividend). In addition, a 1% common stock dividend was declared on the common stock outstanding, to be capitalized at the fair market value of the common stock, which is estimated at $40. The dividend date of record is September 30, payable on October 31 Paid the cash dividends and issued the certificates for the common stock dividend. Oct. 31