Prepare the necessary journal entries for the following independent transactions.

A. Declared a $0.40 per share cash dividend on 300,000 shares of preferred stock outstanding.

B. Declared and distributed an 8% stock dividend on 800,000 shares of $5 par value common stock outstanding. Market price per common share on this date was $25.

C. Declared and distributed a 35% stock dividend on 700,000 common shares of $1 par value common stock outstanding. Market price per common share on this date was $20.