The following data were taken from the balance sheet accounts of Sheffield Corporation on December $31,2024.$

Prepare the required journal entries for the following unrelated items. $($List all debit entries before credit entries. Credit account titles are

automatically indented when the amount is entered. Do not indent manually. If no entry is required, select $"$No Entry" for the account titles and

enter $0$ for the amounts. Record entries in the order displayed in the problem statement.$)$

a$.$ A $5\%$ stock dividend is $(1)$ declared and $(2)$ distributed at a time when the market price per share is $$35.$

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 $5,2025,$ and paid January $25,2025,$ in bonds held as an investment. The bonds have a book

value of $$93,000$ and a fair value of $$148,000.$