A Corporation Had Stockholders' Equity on January 1 as Follows

A corporation had stockholders' equity on January 1 as follows: Common Stock,$1 par value,1,500,000 shares authorized,600,000 shares issued; Paid-in Capital in Excess of Par Value,Common Stock,$1,100,000; Retained Earnings,$2,300,000.Prepare journal entries to record the following transactions:
$$\begin{array} { | l | l | } \hline \text { Feb. 15 } & \begin{array} { l } \text { The board of directors declared a } 10 \% \text { stock dividend to stockholders of record } \\\text { on }\end{array} \\\hline & \begin{array} { l } \text { March 1, to be issued on April 15. The stock was trading at \$12 per share prior } \\\text { to the dividend. }\end{array} \\\hline \text { Mar. } 31 & \text { Sold 100,000 shares of common stock for } \$ 13 \text { per share. } \\\hline & \\\hline \text { Apr. 15 } & \text { Issued the stock dividend. } \\\hline\end{array}$$