lists the following condensed balance sheet as of the beginning of 2016c Stamboul Company Beginning of 2016 Assets Investment in Ostend bonds 900000 Assets Ney 26900000 3000000 Liabilities Common Stock,no par Retained Eamings is considering the impact of various types of dividends on this balance sheet. Each dividend would be declared and paid in 2016. These include: 1. Cash dividend of $1.00 per share on the 15,000 shares outstanding. per share. 2. Stock dividend of 5% on the 15,000 shares outstanding when the marketprioe issi7 to maturity This investment 3. Property dividend consisting of the s9,000 (book value) investment in Ostend bonds being held earnings. has a current market value of $13,000. (For Requirement 2, assume any gain or isto be in retained loss reflected Disregard income taxes.) interest at a 12% annual rate and is to 4. Scrip dividend of $0.80 per share on the 15.000 shares outstanding. The scrip interest expense is to be be declared on January 30 and paid on December 30, 2016. (For Requirement 2, assume any reflected in retained earnings. Disregard income taxes.) liquidating dividend. 5. Cash dividend consisting of a so 70 share normal dividend and a $0.30 per share per Required: dividend: of the dividend. For each preceding independent declaration and payment distribution or 1. Prepare the appropriate entries for the paid or Journal been 2. Prepare a condensed balance sheet after each dividend has Chart of Accounts