2. On January 1, 2020, ABC Corporation had the following stockholders' equity accounts. (10 Points) Total number of shares outstanding 150,000 Common Stock (S1 par value, 150,000 shares issued and outstanding) $ 150,000 Par value SI Paid-in Capital in Excess of Par Common Stock S202,000 Retained Earnings 637,000 Apr. 1 During the year, the following transactions occurred. Feb. 1 Declared a $1.5 cash dividend per share to stockholders of record on February 15, payable March 1. Mar. 1 Paid the dividend declared in February. Announced a 4-for-1 stock split. Prior to the split, the market price per share was $35. July ! Declared a 7% stock dividend to stockholders of record on July 15, distributable July 31. On July 1, the market price of the stock was $15 per share. 31-Jul Issued the shares for the stock dividend. Dec. 1 Declared a $0.15 per share dividend to stockholders of record on December 15, payable January 5, 2021. 31-Dec Determined that net income for the year was $500,000. Based on information above, complete following journal entries for each date. Date Account titles Debit Credit