P$3$ Corp began operations on $1/1/20$x$1.$ The company's balance sheet, representing its financial position at the end of its first year of operation

$($December $31,201)$ is depicted below as Column A$.$ Parts $1,2$ and $3$ are mutually exclusive events

PART $1$

Assuming that on December $1,20$x$1$ the company declared a cash divideng of $$7750$ payable to holders of the stock as of December $15,201.$ The cash dividend will be paid in December $30,20$x$1.$ Paying cash diudends

a$)$ Prepare all accounting journal entries for the entire dividend process.

b$)$ Based on the journal entries from a$,$ construct the new balance sheet to reflect the cash dividend $($Column B$).$

PART $2$

Assume that on December $1,201$ the company decides to give its investors a $15\%$ stock dividend, payable to holders of the stock as of December $15,201.$ The stock dividend was paid on December $30,20$x$1,$ when the company's stock had a market value of $$12$ per share.

c$)$ How many shares of stock must the company issue to investors?

d$)$ What is the dollar value of the stock dividend?

stock dividends

e$)$ Provide all journal entries for this transaction. Based on these journal entries, construct the new balance sheet to reflect the stock dividend $($Column C$).$

PART $3$

Assume that on December $30,20$x$1,$ when the company's stock had a market value of $$15$ per share, the company decides to purchase $125$ shares of its own stock.

f$)$ Provide all journal entries for this transaction.

$\backslash$table$[[,\backslash$table$[[$Col A$],[$Initial$],[$Position$],[($FYE$)]],\backslash$table$[[$Col B$],[$FYE$],[$Cash$],[$Dividend$]],\backslash$table$[[$Col C$],[$FYE$],[$Stock$],[$Dividend$]],\backslash$table$[[$Col D$],[$FYE$],[$Treasury$],[$Stock$]]],[\backslash$table$[[$Assets$],[$Cash$]],$$$55,000,,,],[\backslash$table$[[$Liabilities$],[$Notes Pay$]],$$$10,000,,,],[\backslash$table$[[$Shareholders Equity$],[$Common Stock $($par value $=1)],[$Additional Paid in capital$],[$Retained Earnings$],[$Treasury Stock$]],\backslash$table$[[$$$,2,000],[$$$,18,000],[$$$,25,000],[$$$,]],,,],[\backslash$table$[[$Total Shareholders Equity$],[$Total Liab and Shareholders Equity$]],\backslash$table$[[$$$,45,000],[$$$,55,000]],,,]]$

treasury stoc