West Yeliowstone Outfitters Corporation manufactures and distributes 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. 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 Aprit 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, recelving cash. Sept. 1. Deciared semiannual dividends of $0.25 per share on the preferred stock and $0.09 per share on the common stock (before the stock dividend). In addition, a 1% common stock dividend was declared on the common stock outstanding, to be capitalized at the fair market value of the common stock, which is estimated at $40. Oct. 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 blanki if an amount box does not require 4 entry, leave it blank. 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. Mar. 1. Declared semiannual dividends of $0.25 per share on 100,000 shares of preferred stock and $0.07 per $ hare on the 800,000 shares of $30 par common stockholders of record on March 31, payable on Aprit 30. Apr. 30. Paid the cash dividends. May 31. Purchased 60,000 shares of the corporation's own common stock at 532 , recording the stock at cost. Aug. 17. Sold 40,000 shares of treasury stock at $38, receiving cash. Sept. 1. Declared semiannual dividends of $0.25 per share on the preferred stock and $0.09 per share on the common stock (bofore the stock dividend). Sept. 1. A 1% common stock dividend was declared on the common stock outstanding, to be capitalized at the fair market value of the common stock, which is estimated at $40. Oct. 31. Paid the cash dividends. Sept. 1. A 1% common stock dividend was declared on the common stock outstanding, to be capitalized at the fair market va estimated at $40. Oct. 31. Paid the cash dividends. Oct. 31. Issued the certificates for the common stock dividend