Mite's Corporations board of directors has 220,000 shares of its $10 par value common stock, which are authorized, issued, and outstanding. Feb 15 Declared a 2 percent stock dividend applicable to the outstanding shares, of which the market value of the common stock was $15 per share. Mar 1 Date of record Mar 15 The stock dividend was distributed to stockholders of record. Mar 30 The board of directors declared a $0.50 per share cash dividend. REQUIRED Prepare journal entries to record the above transactions