The following data were taken from the balance sheet accounts of Cullumber Corporation on December 31, 2019. Current assets $590,000 Debt investments (trading) 630,000 Common stock (par value $10) 501,000 Paid-in capital in excess of par 162,000 Retained earnings 870,000 Prepare the required journal entries for the following unrelated items. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts.) (a) A4% stock dividend is (1) declared and (2) distributed at a time when the market price per share is $45. (b) The par value of the common stock is reduced to $2 with a 5-for-1 stock split. (c) A dividend is declared January 5, 2020, and paid January 25, 2020, in bonds held as an investment. The bonds have a book value of $102,000 and a fair value of $137,000. No. Date Account Titles and Explanation Debit Credit (a) (1) Retained Earnings Common Stock Dividend Distributable Paid-in Capital in Excess of Par - Common Stock (a) (2) Common Stock Dividend Distributable Common Stock (b) No Entry 0 No Entry 0 (c) Jan. 5, 2020 35000 35000 (To record change in value of bonds) Retained Earnings 137,000 Property Dividends Payable 137,000 (To record the declaration of dividends) Jan. 25, 2020 Property Dividends Payable 137,000 137,000