The stockholders’ equity section of Ardvark Corporation’s December 31, 2002, balance sheet included the following items: Common stock ($20 par, 250,000 shares authorized, 50,000 shares issued and) outstanding). 0.020. c ue eee wee ese ee ee $1,000,000 Paid-in capital in excess of par, common stock.........-.... 2. essere eee ees 1,500,000 RVAINCMCELINING Ie HAsO E re ont oem Gb yoo eS oe and nae 2,000,000 Record the following transactions for 2003:

a. On March 1, Ardvark declared and issued a 25% stock dividend on common stock. The market price of the stock was $40 per share on that date. On June 30, a 4-for-1 stock split was declared.

c. On September 15, a 10% stock dividend on common stock was declared and distributed. The market price of the stock was $30 per share on the dividend date.