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Mar. 1. Declared semiannual dividends of $0.25 per share on 100,000 shares of preferred stock and $0.07 per share on the 800,000 shares of $30 par common stock to stockholders of record on March 31, payable on April 30. Apr. 30. Paid the cash dividends. May 31. Purchased 60,000 shares of the corporation's own common stock at $32, recording the stock at cost. Aug. 17. Sold 40,000 shares of treasury stock at $38, recciving cash. Sept. 1. Declared semiannual dividends of $0.25 per share on the preferred stock and $0,09 per share on the common stock (before the stock dividend). Sept. 1. A 1% common stock dividend was declared on the common stock outstanding, to be capltalized at the fair market value of the common stock, which is estimated at $40. Oct. 31. Paid the cosh dividends. 2. Indicate the amount of the interest expense in (a) 20Y1 and (b) 20Yz. West Yellowstone Outfitters Corporation manufactures and dastributes leisure clothing. Selected transactions completed by West Yellowstone Outfitters during the current fiscal year are as follows: Jan. 15. Split the common stock 4 for 1 and reduced the par from $120 to $30 per share. After the split, there were 800,000 common shares outstanding. Mat 1. Declared semiannual dividends of $0.25 per share on 100,000 shares of preferred stock and $0.07 per share on the 800,000 shares of $30 par common stock to stockhoiders of record on March 31 . payable on Aorli 30. Apt 30. Paid the cosh dividends. May 31. Purchased 60,000 shares of the corporation's own common stock at $32, recording the stock at cost. Aug. 17. Sold 40,000 shares of treasury stock at \$38, receving cash. Sept. 1. Declared semiannuat dividends of $0.25 per share on the preferred stock and $0.09 per share on the common stock (before the steck dividend). In addition, a 1% commen stock dividend was beclared on the commen stock outstanding, to be capitalized at the fair market value of the commen stock, which is estimated at 540 . Oat. 31. Paid the cash dividends and issued the certificates for the common stock dividend. Required: journalize the transactions. If no entry is required, select "No entry required" from the dropdown and leave the amount boxes blank. If an amount box does not require an entry, leave it blanic. Jan, 15. Split the common stock 4 for 1 and reduced the par from $120 to $30 per share. After the split, there were 800,000 common shares cutakanding