Journalize the following transactions from the perspective of Alligator Corporation:

1. On April 21, Alligator Corporation issued 110,000 shares (authorized to issue 1,000,000

shares of $1 par value) of common stock at $30 per share.

2. On July 1, Alligator Corporation replaced one of its' used machines costed $240,000 with an accumulated depreciation of $140,000 with labor company and received additional $11,000 cash. Fair value of Alligator's machine at the time of exchange was $121,000. The cost, accumulated depreciation and fair value of Labor Company's machine at the time of exchange were $200,000, $75,000 and $110,000 respectively. The exchange lacks commercial substance for both the parties.

3. On September 1, Alligator Corporation sold the 800 treasury shares that they had purchased on August 6 at $22 per share. The purchase price of the shares was $25 per share. There is no previous balance in the paid-in-capital from treasury stock account (journalize both purchase and resale).

4. On September 17, Alligator Corporation declared & issued a 30% stock dividend on the

outstanding common stock when the stock is selling for $26 per share.

5. On December 31, a 5-for-1 stock split is declared and issued.

6. On December 31, Alligator Corporation declared a $0.20 per share liquidating dividend on

the common stock outstanding.