[Solved] Prepare entries to record the following selected transactions completed during the current fiscal year: Feb. 1 The board of directors declared a stock split which reduced the par of common shares from $100 to $20. This action increased the number of outstanding shares to 500,000. \( \quad \)11 Purchased 25,000 shares of the company's own stock at $44, recording the treasury stock at cost. May 1 Declared a dividend of $2.50 per share on the outstanding shares of common stock. \( \quad \)15 Paid the dividend declared on May 1. Oct. 19 Declared a 2% stock dividend on the common stock outstanding the fair market value of the stock to be issued is $55. Nov. 12 Issued the certificates for the common stock dividend declared on October 19. Rating Errors: Mistakes or biases that occur when evaluating the performance or characteristics of others, often leading to inaccurate assessments. Central Tendency: A statistical measure that identifies the center of a data set, often represented by the mean, median, or mode. Horn and Halo: A cognitive bias that allows one outstanding trait, either good (halo) or bad (horn), to overshadow other traits in making judgments about someone or something. Behavioral Observation Scales: Behavioral Observation Scales are assessment tools used to rate the frequency of specific behaviors performed by employees, typically utilized in performance evaluations.