On January 1, 2021, Gerlach Inc. had the following account balances in its shareholders' equity accounts. $ Common stock, $1 par, 241,000 shares issued Paid-in capital-excess of par, common Paid-in capital-excess of par, preferred Preferred stock, $100 par, 19,500 shares outstanding Retained earnings Treasury stock, at cost 4.100 shares 241,000 482.000 195,000 1,950,000 3.900,000 20, 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 $11.9 per share, fair value $9.95 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 48 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. B: Declared and dend. The base declared and 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.)