The following data were taken from the statement of financial position accounts of Cha-Cha Corporation on Dec 31, 2019.

Current Assets $ 270,000

Investments $ 312,000Share

Capital - Ordinary (par Value $10) $ 300,000

Share Premium - Ordinary $75,000

Retained Earnings $ 420,000

Prepare the required Journal Entries for the following unrelated items!

1. A 5% share dividend is declared and distributed at a time when the market price of the shares is $39 per share.

2. The par value of the ordinary shares is reduced to $2 with a 5-for-1 share split.

3. A dividend is declared January 10, 2020 and paid January 28, 2020, in bonds held as an investment. The bonds have a book value of $ 0f $45,000 and a fair value $ 62,500.