On January 1, 2017, Thomson Inc. had the following account balancesin its shareholders' equity accounts.

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??Commonstock, $1 par, 350,000 shares issued of

which 20,000 Shares being held as treasury stock$350,000?

??Paid-incapital excess of par, common?  500,000?

??Preferredstock, $100 par, 10,000 shares outstanding1,000,000?

Paid-in capital excess of par, preferred ?  100,000?

??Retainedearnings?  2,000,000?

??Treasurystock, at cost, 20,000 shares?  60,000?

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During 2017, Thomson Inc. had several transactions relating tocommon stock.

2/10	Declaredaproperty dividend, payablein Welch company stock. The Welch stock had been purchased early in2016for$30,000and was reported as an asset at a fair value of$35,000on 12/31/16balancesheet. Themarket value of Welchstock is $38,000on 2/10/17.
3/17	Distributedthe property dividend.
3/20	Reissued5,000 shares of treasury stock at $5 per share.
4/17	Declareda 3 for 1 stock split on common stock effective 4/24.
7/18	Declaredand distributed a 10% stock dividend on outstanding common stock;market value per share, $7.
11/1	Declareda $0.5 per share cash dividend on the outstanding commonshares.
11/25	Ex-dividenddate for the cash dividend
11/29	Dateof record for the cash dividend.
12/20	Paidthe cash dividend declared on 11/1.

??Required:

Record the above transactions and events in the journal entryformat.