n January 1, 2021, Gerlach Inc. had the following account balances in its shareholders' equity accounts.

Common stock, $1 par, 247,000 shares issued $ 247,000 Paid-in capitalexcess of par, common 494,000 Paid-in capitalexcess of par, preferred 165,000 Preferred stock, $100 par, 16,500 shares outstanding 1,650,000 Retained earnings 3,300,000 Treasury stock, at cost, 4,700 shares 23,500

During 2021, Gerlach Inc. had several transactions relating to common stock.

January 15: Declared a property dividend of 100,000 shares of Slowdown Company (book value $11.3 per share, fair value $9.65 per share). February 17: Distributed the property dividend. April 10: A 2-for-1 stock split was declared and distributed on outstanding common stock and effected in the form of a stock dividend. The fair value of the stock was $4 on this date. July 18: Declared and distributed a 4% stock dividend on outstanding common stock; fair value per share, $5. December 1: Declared a 50 cents per share cash dividend on the outstanding common shares. December 20: Paid the cash dividend.

Required:

Record the above transactions and events in journal entry format. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)