The following data were taken from the balance sheet accounts of Sunland Corporation on December 31, 2016.

Current assets		$513,000
Debt investments		605,000
Common stock (par value $10)		501,000
Paid-in capital in excess of par		144,000
Retained earnings		910,000

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 0 for the amounts.)

(a)		A 6% stock dividend is (1) declared and (2) distributed at a time when the market price per share is $40.
(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, 2017, and paid January 25, 2017, in bonds held as an investment. The bonds have a book value of $104,000 and a fair value of $135,000.

No.	Date	Account Titles and Explanation	Debit	Credit
(a) (1)
(a) (2)
(b)
(c)	Jan. 5, 2017Jan. 25, 2017
		(To record change in value of bonds)
		(To record the declaration of dividends)
	Jan. 5, 2017Jan. 25, 2017