On January 1, 2020, Calvin Corporation had 60,000 common shares issued at $1 per share. During the year, the following transactions occurred: Mar. 1 Issued 40,000 common shares for $660000. June 1 Declared a cash dividend of $2 per share to shareholders of record on June 15. June 30 Paid the $2 cash dividend. Dec. 15 Declared a 10% stock dividend to shareholders of record on December 31. At December 15, the shares were trading at $19. Instructions Prepare journal entries to record the above transactions