Question 6 (11 points) On January 1, year 1, Calvin Corporation had 55,000 common shares issued. During the subsequent months, the following transactions occurred: Year 1 Mar. 1 Issued 45,000 common shares for $550,000. June 1 Declared a cash dividend of $3 per share to shareholders of record on June 15. June 30 Paid the $3 cash dividend. Dec. 15 Declared a 10% stock dividend to shareholders of record on December 31. On December 15, Calvin's share price was $5. Year 2 Jan. 30 Distributed stock dividend. Instructions: Record the entries required on each of: March 1, June 1, June 15, June 30, December 15 & December 31 of Year 1 plus January 30, Year 2 for the above events. If no entry is required, you must indicate clearly that no entry is required & why. You can enter your answer in the blank response area below in the exam OR you can also upload a completed electronic or hand written document file of your choosing (EXCEPT APPLE's .PAGES FORMAT FILES) e.g., Word, Excel, jpg (using your phone or tablet as a camera) or pdf using the 'Add a File' feature, also below in the exam