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On January 1, 2016, Gerlach Inc. had the following account balances in its shareholders' equity accounts.

Common stock, $1 par, 259,000 shares issued	259,000
Paid-in capital - excess of par, common	518,000
Paid-in capital - excess of par, preferred	145,000
Preferred stock, $100 par, 14,500 shares outstanding	1,450,000
Retained earnings	2,900,000
Treasury stock, at cost, 5,900 shares	29,500

During 2016, Gerlach Inc. had several transactions relating to common stock.

January 15:	Declared a property dividend of 100,000 shares of Slowdown Company (book value $10.9 per share, market value $9.45 per share).
February 17:	Distributed the property dividend.
April 10:	A 2-for-1 stock split was declared and distributed on outstanding common stock and effected in the form of a stock dividend. The market value of the stock was $4 on this date. Hint: Debit Retained earnings.
July 18:	Declared and distributed a 3% stock dividend on outstanding common stock; market value per share, $5.
December 1:	Declared a 50 cents per share cash dividend on the outstanding common shares.
December 20:	Paid the cash dividend.

Required:

Record the above transactions and events in journal entry format. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

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