Variou. Dividends Stamboul Company lists the following condensed balance sheet as of the beginning of 2019 LO 16.1 Current assets $ 60,000 Investment in Ostond bonds 9,000 Fixed assets inel 200,000 $209,000 Current liabilities $ 30,000 Common stock, no pot 150,000 Retained earnings 89,000 $269,000 Stamboulis considering the impact of various types of dividends on this balance sheet. Each dividend would be declared and paid in 2019. These include: 1. Cash dividend of $1.00 pet share on the 15,000 shares outstanding 2. Stock dividend of 5% on the 15,000 shares outstanding when the market price is $17 per share. 3. Property dividend consisting of the $9.000 (book valuc) investment in Ostend bonds being held to maturity This investment has a current market value of $13,000. (For Requirement 2, assame any gain or loss is to be reflected in retained earnings. Diregard income taxes.) 4. Scrip dividend of 50 80 per share on the 15,000 shares outstanding. The rip came interest at a 12% annual rute and is to be declared on January 30 and paid on December 30, 2019. (For Requirement 2, assume any interest expense is to be reflected in retained eamin Disregard income taxes.) 5. Canh dividend consisting of a 50.70 per share normal dividend and a $0.30 per share liquidating dividend Required: For cach preceding independent dividend 1. Prepare the appropriate journal entries for the declaration and payment or distribution of the dividend 2. Prepare a condensed balance sheet after each dividend has been paid or distributed 25%