will uovote if done properly

1 4 (10 points) On January 1, 2009, Snoop Corporation tad 60,000 come shares issued at $1 per share. During the year, the following transactions occurred: Mar. 1 Issued 40,000 common shares for $600,000 June Declared a cash dividend of $2 per share to shareholders of record on June 15 June Paid the 52 cash dividend Dec 15 Declared 10% stock dividend to shareholders of record on December 31. At December 15. the shares were trading at $17. Net income for 2008 amounted to $651,000 30 Instructions Prepare journal entries to record the above transactions