The following data were taken from the balance sheet accounts of Symbol Two Corporation on June 30, 2016.

Current assets $125,000

Investments 365,000

Common stock (par value $1) 70,000

Paid-in capital in excess of par 680,000

Retained earnings 963,000

Prepare the required journal entries for the following unrelated items. (a) The par value of the capital stock is reduced to $0.50 with a 2-for-1 stock split.

(b) A 10% stock dividend is declared and distributed at a time when the market value of the shares is $25 per share.

(c) A property dividend is declared September 12, 2017, and paid October 1, 2017, in common shares in another company held as an equity investment. The equity investment has a book value of $50,000 and a fair market value of $205,000.