(Figure)Aggregate Mining Corporation was incorporated five years ago. It is authorized to issue 500,000 shares of ?100 par value 8% preferred stock. It is also authorized to issue 750,000 shares of ?1 par value common stock. It has issued only 50,000 of the common shares and none of the preferred shares. In its sixth year, the corporation has the following transactions: Mar. 1
Declares a cash dividend of ?2 per share

Mar. 30
Pays the cash dividend

Jul. 10
Declares a 5% stock dividend when the stock is trading at ?15 per share

Aug. 5
Issues the stock dividend

Journalize these transactions.