The following data were taken from the balance sheet accounts of Masefield Corporation on December 31, 2013. Current assets Debt investments Common stock (par value $10) Paid-in capital in excess of par Retained earnings $540,000 624,000 500,000 150,000 840,000 Prepare the required journal entries for the following unrelated items. (a) A 5% stock dividend is declared and distributed at a time when the market price per share is $39. (b) The par value of the common stock is reduced to $2 with a 5-for-1 stock split. (c) A dividend is declared January 5, 2014, and paid January 25, 2014, in bonds held as an investment. The bonds have a book value of $100,000 and a fair value of $135,000 .