The Coldwater Corporation has the following accounts in its stockholders equity section at the beginning of 2013:

Preferred stock, $50 par value, 7% cumulative and nonparticipating, 5,000 shares ........................$ 250,000

Common Stock, $1 par value, 100,000 shares authorized. 50,000 shares outstanding ...................... 50,000 Paid-in Capital in Excess of Par Common ..................................................................... 550,000 Paid-in Capital in Excess of Par Preferred ..................................................................... 25,000 Retained Earnings ................................................................................................. $2,300,000

During 2013, Coldwater Corp. declared and distributed the following dividends in the order as follows:

• - 10% (small) stock dividends on common stock when current market price per share is $14

• - Cash dividends on preferred (last years dividends in arrears) and common shares at $3 per share

• - 30% (large) stock dividends on common stock when current market price per share is $10 Please prepare journal entries for each transaction (1) as of declaration date and (2) distribution date