When UVW Company was formed on January 1, 2016 it sold 100,000 $10 par value shares for $90 per share. Record the entry for this sale. On February 1 UVW declared a cash dividend of $1 per share. On February 12 UVW paid the cash dividend declared on February 1. On March 1, 2016 UVW repurchased on the open market 1000 of its shares at a cost of $99 per share. Make the entry for this transaction. On June 6 it sold 500 of the reacquired shares for $120 per share. Make the entry for this transaction. On July 8 UVW declared a 10 percent stock dividend.