The Goodson Company listed the following account balances on December 31, 2006:

Investment in Xurk Company bonds .......... $ 25,000
Common stock, $10 par ............... $400,000
Dividends payable: preferred .............. 4,000
Additional paid-in capital on preferred stock ....... 20,000
Dividends payable: common ............. 40,000
Additional paid-in capital on common stock ........ 210,000
Preferred stock, 8%, $100 par ............. 100,000
Retained earnings ................. 270,000

During 2007, the following transactions occurred:
Feb. 2 Paid the semiannual dividends declared on December 15, 2006.
Mar. 5 Declared a property dividend, payable to common stockholders on April 5 in Xurk Company bonds being held to maturity. The bonds (which have a book value of $25,000) have a current market value of $31,000.
Apr. 5 Paid the property dividend.
July 6 Declared a $4 per share semiannual cash dividend on preferred stock and a $1.10 per share semiannual dividend on common stock, to be paid on August 17.
Aug. 17 Paid the cash dividends.
Oct. 15 Declared a 2% stock dividend on common stock to be issued on December 3. The current market price is $22 per share.
Dec. 3 Issued the stock dividend.
Dec. 28 Declared a $4 and $1.20 per share semiannual cash dividend on preferred and common stock, respectively, to be paid on February 15, 2008.
Required
Prepare journal entries to record the preceding transactions.