1. The Habitat Corp. equity on January 1 was as follows: common shares, unlimited shares authorized, 150,000 shares issued and outstanding; retained earnings, $600,000. Prepare journal entries to record the following transactions: 5

Feb. 15	The board of directors declared a 10% share dividend to shareholders of record on March 1, to be issued on March 20. The shares were selling for $8 a share.
Mar. 20	Issued the share dividend.