The balance sheet of Hunter, Inc., included the following shareholders equity accounts at December 31, 2019: Paid-in capital: Dollar amounts Common stock, 672,800 shares 672,800 Paid-in capitalexcess of par, common 2,865,000 Retained earnings 4,915,000 Treasury stock, at cost; 3,600 common shares (37,800) Total shareholders' equity 8,415,000 During 2020, several events and transactions affected the retained earnings of Hunter. Prepare the appropriate entries for the following events. Show all work for full credit. a. On March 3 the board of directors declared and distributed a property dividend of 242,000 shares of Baruch International common stock that Hunter had purchased in January as an investment (book value: $762,000). The investment shares had a fair market value of $2. (6 points) b. On May 3 a 40% common stock dividend was declared and distributed. The market value of the common stock was $12 per share. (Hint: stock dividends are declared only on outstanding shares). (5 points) c. On July 5 a 15% common stock dividend was declared and distributed. The market value of the common stock was $17 per share. (9 points)