Oct. $15.$ A $2\%$ common stock dividend was declared on the common stock outstanding. The fair market value of the common stock is

$\backslash$table$[[$Date Account,Debit,Credit$],[$Oct$.15.$ Stock Dividends,,$],[$Common Stock,,$],[$Paid$-$In Capital in Excess of Par$-$Common Stock,,$]]$

Dec. $19.$ Paid the cash dividends.

$\backslash$table$[[$Date$,$Account,Debit,Credit$],[$Dec$.19.,$Cash Dividends Payable,,$],[$Cash$,,]]$

Dec. $19.$ Issued the certificates for the common stock dividend.

$\backslash$table$[[$Date$,$Account,Debit,Credit$],[$Dec$.31,$Stock Dividends Distributable,,$]]$

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