On January 1, 2020, Dana Corporation had the following account balances in its shareholders equity accounts.

Ordinary share capital, $1 par, 250,000 shares issued $ 250,000

Ordinary share premium 500,000

Retained earnings 2,000,000

During 2020, Dana Corporation had the following equityrelated transactions:

March 17 Declared a property dividend of 100,000 shares of Al-Saad Company (book value $10 per share; market value $9 per share).

April 10 Distributed the property dividend.

May 6 Declared and distributed a 3-for-100 bonus issue on outstanding ordinary shares. The market value was $5 per share on this date.

Required: Record the above transactions and events in journal entry format.