Mustang Inc. completed the following stock-related transactions during 2022. Record the transactions in Mustang's general journal on the "Worksheet" tab. If no entry is required, please state "no entry" or "n/a". See below for details....

Jan. 25 2022 - Mustang declared a $130,000 cash dividend. The company currently has 4,500 shares of 3%, $250 par value cumulative preferred stock outstanding. The company did not pay any dividends in 2020 or 2021. The company also has 300,000 shares of $2 par value common stock outstanding. Use a separate account for the preferred dividends and the common dividends

Feb. 15, 2022 - Mustang paid the cash dividends.

July 5 2022 - The common stock split 4:1

Aug. 2 2022 - Declared and immediately distributed a 5% stock dividend on the common stock. The market value at the time of the stock dividend was $18 per share.

Oct. 10 2022 - Declared and immediately distributed a 5% stock dividend on the common stock. The market value at the time of the stock dividend was $18 per share.

Oct. 31, 2022 - Sold 2,000 shares of the treasury stock for $26 a share.

Nov. 22, 2022 - Sold the remaining shares of treasury stock for $15 a share.

Worksheet below:

GENERAL JOURNAL
Date	Accounts		Debits	Credits
Jan. 25, 2022
	Declared a cash dividend
Feb. 15, 2022
	Paid the cash dividend
Jul. 5, 2022
	Stock split
Aug. 2, 2022
	Distributed stock dividend
Oct. 10, 2022
	Purchased Treasury Stock
Oct. 31, 2022
	Sold Treasury Stock
Nov. 22, 2022
	Sold Treasury Stock