Stamboul Company lists the following condensed balance sheet asof the beginning of 2016:

Stamboul Company

Balance Sheet

Beginning of 2016

1	Current Assets	$60,000.00
2	Investment in Ostend bonds	9,000.00
3	Fixed Assets (Net)	200,000.00
4		$269,000.00
5	Current Liabilities	$30,000.00
6	Common Stock, no par	150,000.00
7	Retained Earnings	89,000.00
8		$269,000.00

Stamboul is considering the impact of various types of dividendson this balance sheet. Each dividend would be declared and paid in2016. These include:

1.	Cash dividend of $1.00 per share on the 15,000 sharesoutstanding.
2.	Stock dividend of 5% on the 15,000 shares outstanding when themarket price is $17 per share.
3.	Property dividend consisting of the $9,000 (book value)investment in Ostend bonds being held to maturity. This investmenthas a current market value of $13,000. (For Requirement 2, assumeany gain or loss is to be reflected in retained earnings. Disregardincome taxes.)
4.	Scrip dividend of $0.80 per share on the 15,000 sharesoutstanding. The scrip earns interest at a 12% annual rate and isto be declared on January 30 and paid on December 30, 2016. (ForRequirement 2, assume any interest expense is to be reflected inretained earnings. Disregard income taxes.)
5.	Cash dividend consisting of a $0.70 per share normal dividendand a $0.30 per share liquidating dividend.

Required:

	For each preceding independent dividend:
	1. Prepare the appropriate journal entries for thedeclaration and payment or distribution of thedividend.
	2. Prepare a condensed balance sheet after eachdividend has been paid or distributed.