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Reynolds, Inc. was incorporated on January 1, 20X6. The following events apply to the company's first year of operation. 1. Issued 2,000 shares of $10

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Reynolds, Inc. was incorporated on January 1, 20X6. The following events apply to the company's first year of operation. 1. Issued 2,000 shares of $10 par value common stock at a market price of $25 per share. 2. Earned $35,000 cash revenue. 3. Incurred $25,000 of cash expenses. 4. Declared a cash dividend of $1.50 per share. 5. Paid the cash dividend declared in Event No. 4. 6. Distributed a 5 percent stock dividend when the market price of the stock was $28 per share. 7. Distributed a two-for-one stock split. Record these transactions in the table below. If no transaction is necessary on a given date, enter N/A in the first column

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