Selected transactions completed by Canyon Ferry Boating Corporation during the current fiscal year are as follows:

Jan. $8$ Split the common stock $2$ for $1$ and reduced the par from $$70$ to $$35$ per share. After the split, there were $171,000$ common shares outstanding.

Apr. $30$ Declared semiannual dividends of $$0\mathrm{.}65$ per share on $18,000$ shares of preferred stock and $$0\mathrm{.}20$ per share on the common stock payable on July $1.$

Jul. $1$ Paid the cash dividends.

Oct. $31$ Declared semiannual dividends of $$0\mathrm{.}65$ per share on the preferred stock and $$0\mathrm{.}10$ per share on the common stock $($before the stock dividend$).$ In addition, a $3\%$ common stock dividend was declared on the common stock outstanding. The fair market value of the common stock is estimated at $$55.$

Dec. $31$ Paid the cash dividends and issued the certificates for the common stock dividend.

Journalize the transactions. Enter the October $31$ and December $31$ transactions as two separate journal entries on each date.