Prepare the journal entry (if any) of the following assumed transactions on the total shareholders equity of a large corporation. Each transaction is independent.

1. Declaration of cash dividends of $80 million
2. Payment of the cash dividend declared
3. 10% stock dividend. Before the dividend, 69 million common shares were outstanding; the market price was $7.625 at the time of the dividend.
4. A 50% stock dividen Before the dividend, 69 million common shares were outstanding; the market price was $13.75 at the time of the dividend.
5. Sale of 600 common shares for $5.00 per share
6. A 3-for-1 stock split. Prior to the split, 69 million common shares were outstanding.