Aggregate Mining Corporation was incorporated five years ago. It is authorized to issue 500,000 shares of $100 par value 10% preferred stock. It is also authorized to issue 700,000 shares of $1 par value common stock. It has issued only 50,000 of the common shares and none of the preferred shares. In its seventh year, the corporation has the following transactions: Mar. 1 Declares a cash dividend of $6 per share. Mar. 30 Pays the cash dividend. Declares a property dividend of 1/2 ton of limestone per share when the price of limestone is $25 per ton. Jul. 10 Prepare the journal entries to record the transactions. If an amount box does not require an entry, leave it blank. Mar. 1 Mar. 30 II II II II II II Jul. 10