Selected transactions completed by Big Water Boating Corporation during the current fiscal year are as follows Instructions: Journalize the transactions. If no entry is required, select "No Entry Required" from the dropdown box and leave the amount boxes blank. For a compound transaction, if an amount box does not require an entry, leave it blank or enter zero ("0"). Jan. 3. Split the common stock 4 for 1 and reduced the par from $100 to $25 per share. After the split, there were 520,000 common shares outstanding. Apr. 7. Purchased 42,000 shares of the corporation's own common stock at $30, recording the stock at cost. May 1. Declared semiannual dividends of $1.30 on 55,000 shares of preferred stock and $0.20 on the common stock to stockholders of record on May 15, payable on June 1 june 1. Paid the cash dividends. July 29. Sold 30,000 shares of treasury stock at $33, receiving cash Nov. 15. Declared semiannual dividends of $1.30 on the preferred stock and $0.26 on the common stock (before the stock dividend). Nov. 15. A 2% common stock dividend was declared on the common stock outstanding. The fair market value of the common stock is estimated at $35 Dec. 31. Paid the cash dividends. Issued the certificates for the common stock dividend