ck Split Selected transactions completed by Canyon Ferry Boating Corporation during the current fiscal year are as follows. Journalize the transactions. If no entry is required, select "No Entry Required" and leave the amount boxes blank. If an amount box does not require an entry, leave it blank. Jan. 8. Split the common stock 3 for 1 and reduced the par from $42 to $14 per share. After the split, there were 132,000 common shares outstanding. Jan. 8 38 Apr. 30. Declared semiannual dividends of $1.00 per share on 9,000 shares of preferred stock and $0.08 per share on the common stock payable on July 1. Apr. 30 July 1. Paid the cash dividends. July 1 88 Oct. 31. Declared semiannual dividends of $1.00 per share on the preferred stock and $0.06 per share on the common stock (before the stock dividend). In addition, 1% common stock dividend was declared on the common stock outstanding. The fair market value of the common stock is estimated at $25. Oct 31

Hansen Corporation. a C Corporation (mot a manufacturer) reports the following items in income and expenses for 2021 Gross Revenue $900,000 Dividend Received from 30% owned Corp 200,000 LTCG 30,000 STCL 12000 City of Lee's Summit Bond Interest 10000 COGS 375000 Administrative Expenses 325000 Charitable Contribution 60,000 Compute Hansen's C Corp Taxable income?

12-10

question G and f.