On lanuary 1, 2015, Ajax Incorporated has 1,000,000 outstanding common shares with $1 par value Prepare journal entries for the following events (if necessary) by Ajax Incorporated. + February 3, 2015 Ajax declared cash dividends of $0.45 per share of common March 1, 2015 Ajax declared and distributed a 5% stock dividend when the price of one share of common stock was $30.00. Fractional shares equivalent to 1,000 shares were distributed as cash. Ajax also pald the cash dividends declared on February 3 February 3, 2016 Ajax Board of Directors declared cash dividends of $0.34 per share of common. March 1, 2016 Ajax declared and distributed a 2% stock dividend when the price of one share of common stock was $36.00. Fractional shares equivalent to 480 shares were distributed as cash. Ajax also paid the cash dividends declared on February 3, October 5, 2016 Ajax declared a property dividend of 21,420 shares of Comet with a price per share of $80 (On January 1. 2015 the Comet shares were purchased as Trading Securities and had a market price of $82 per share). November 30, 2016 Ajax distributed the Comet shares to their shareholders