The Annapolis Corporation's stockholders' equity accounts have the following balances as of January 1, 2016: Annapolis engaged in the following dividend transactions during 2016, 2017, and 2018: 2016: Dividends are in arrears for 2014 and 2015. On December 1, 2016. the annual cash dividend plus the dividends in arrears were declared on the preferred stock. In addition, a $1.50 per share dividend was declared on the common stock. The dividends were paid on December 31, 2016. 2017: On December 1, 2017, the annual cash dividend on the preferred stock was declared. The dividend was paid on December 31, 2017. On December 10, a 30% stock dividend was declared on the common stock, distributable on January 25, 2018. The market price per share for the common stock on December 10, 2017, was $28. 2018: On January 25, 2018, the stock dividend declared on December 10, 2017, was issued. On December 1, the annual cash dividend on the preferred stock was declared; it is payable on January 15, 2019. In addition, on December 1, a 10% stock dividend was declared on the common stock, distributable on January 20, 2019. The market price per share for the common slock on December 1, 2018. was $23. No other stock transactions took place during 2016, 2017, or 2018. Required: Prepare the entries to record the dividend transactions for 2016, 2017, and 2018. (Do not record any transactions for 2019.)