Valentine Corporation was organized on June 30, 2012. After 2 1/2 years of profitable operations, the Equity section of Valentine's balance sheet was as follows:

Contributed capital:

Common stock, $5 par, 500,000 shares authorized,

300,000 shares issued and outstanding . . . . . . . . . . . . . . . . . . . . . . . $ 1,500,000

Paid-in capital in excess of par . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11,000,000

Retained earnings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3,600,000

Total stockholders' equity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $16,100,000

During 2015, the following transactions affected stockholders' equity:

Jan. 31 Reacquired 20,000 shares of common stock at $41; treasury stock is recorded at cost.

Apr. 1 Declared a 30% stock dividend. (Applies to all issued stock.)

30 Declared an $0.80 cash dividend. (Applies only to outstanding stock.)

June 1 Issued the stock dividend and paid the cash dividend.

Aug. 31 Sold all treasury stock at $44.

Instructions:

Provide the journal entries to record the stock transactions.