Mustang Inc. completed the following stock-related transactions during 2016. Record the transactions In Mustang's general journal on the "Worksheet" tab. Jan. 25, 2016 Mustang declared a $30,000 cash dividend. The company currently has 2,000 shares of 8%, $125 par value cumulative preferred stock outstanding. The company did not pay any dividends in 2015. The company also has 80,000 shares of $1 par value common stock. Feb. 15, 2016 Mustang paid the cash dividends. July 5, 2016 The common stock split 2:1. August 2, 2016 Declared and immediately distributed a 10% stock dividend on the common stock. The market value at the time of the stock dividend was $21 per share. Oct. 10, 2016 Purchased 1,500 shares of treasury stock for $19 a share. Oct. 31, 2016 Sold 750 shares of the treasury stock for $22 a share. Nov. 22, 2016 Sold the remaining shares of treasury stock for $15 a share.