The following data were taken from the SFP accounts of Pina Colada Corporation on December 31, 2020:

Current assets		$	1,014,000
FV-NI investments			810,000
Common shares (unlimited authorized, 600,000 shares issued and outstanding)			6,000,000
Contributed surplus			330,000
Retained earnings			1,890,000

A 7% stock dividend is declared at their fair value and distributed at a time when the shares' fair value is $44 per share. Prepare the required journal 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 O for the amounts.) Account Titles and Explanation Debit Credit (To record stock dividend declaration) (To record stock dividend distribution) A 3-for-1 stock split is effected. Prepare the required journal entry. (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 O for the amounts.) Account Titles and Explanation Debit Credit e Textbook and Media List of Accounts A dividend in kind is declared on January 8, 2021 and paid on January 28, 2021 in FV-NI investments. The investments have a carrying amount of $140,000 (fair value at December 31, 2020) and a January 8 fair value of $148,000. Prepare the required journal 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 O for the amounts.) Date Account Titles and Explanation Debit Credit Jan. 8 (To record fair value adjustment) Jan. 8 (To record declaration of property dividend) Jan 28