Selected transactions completed by canyon ferry boating corporation during the current fiscal year are as follows: journalize the transactions. if no entry is required, type "no entry required" and leave the amount boxes blank. for a compound transaction, if an amount box does not require an entry, leave it blank. jan. 8. split the common stock 3 for 1 and reduced the par from $48 to $16 per share. after the split, there were 105,000 common shares outstanding. jan. 8 apr. 30. declared semiannual dividends of $1.3 on 7,000 shares of preferred stock and $0.09 on the common stock payable on july 1. apr. 30 july 1. paid the cash dividends. july 1 oct. 31. declared semiannual dividends of $1.3 on the preferred stock and $0.07 on the common stock (before the stock dividend). in addition, a 2% common stock dividend was declared on the common stock outstanding. the fair market value of the common stock is estimated at $29. cash dividends stock dividends dec. 31. paid the cash dividends and issued the certificates for the common stock dividend. payment issuance