3.35/10 Question 1 of 3 View Policies Show Attempt History Current Attempt in Progress On January 1, 2020, Sunland Corporation had the following stockholders equity accounts Common Stock ($ 26 par value 58.000 shares issued and outstanding) $1.508,000 Paid-in Capital in Excess of Par-Common Stock 199.000 Retained Earnings 553.000 During the year the following transactions occurred Feb 1 Decired a 52 cash dividend per share to stockholders of record on February 15. payable March 1 Pald the dividend declared in February Apr Announced 2001 stock split Prior to the split, the marcat price persharewas $ 37 Declared a 20% stock olvidend to stockholders of record poul 15, districtable July 31, on July 1, the market price of the stock was 515 per share JU 31 Sed the shares for the stock didend D Decored a 50 40 der stare loend to stockholders of record on December 15, parable Juary 2021 33 Determined that he income for the year w: 5396500 Enter the beginning balances and post the entries to the stockholders' equity accounts. (Note Open additional stockholders equity accounts as needed) (Post entries in the order of joumal entries presented in the previous part.) Common Stock Date Explanation Ref Debit Credit Balance Balance Common Stock Dividends Distributable Date Explanation Ref Debit Credit Balance Paldin Capital in Excess of Par Common Stock Date Explanation Ref Debit Credit Balance Salance v Retained Earnings Date Explanation Ref Debit Credit Balance Balance Net income Stock dividend Cash dividend Casil Dividends Date Debit Balance Explanation Ref Credit Sock Dini Credit Date Debit Balance Explanation Ref Prepare a stockholders equity section at December 31. (Enter account name only and do not provide descriptive information SUNLAND CORPORATION Balance Sheet (Partial) December 31, 2020 I 3.35/10 Question 1 of 3 View Policies Show Attempt History Current Attempt in Progress On January 1, 2020, Sunland Corporation had the following stockholders equity accounts Common Stock ($ 26 par value 58.000 shares issued and outstanding) $1.508,000 Paid-in Capital in Excess of Par-Common Stock 199.000 Retained Earnings 553.000 During the year the following transactions occurred Feb 1 Decired a 52 cash dividend per share to stockholders of record on February 15. payable March 1 Pald the dividend declared in February Apr Announced 2001 stock split Prior to the split, the marcat price persharewas $ 37 Declared a 20% stock olvidend to stockholders of record poul 15, districtable July 31, on July 1, the market price of the stock was 515 per share JU 31 Sed the shares for the stock didend D Decored a 50 40 der stare loend to stockholders of record on December 15, parable Juary 2021 33 Determined that he income for the year w: 5396500 Enter the beginning balances and post the entries to the stockholders' equity accounts. (Note Open additional stockholders equity accounts as needed) (Post entries in the order of joumal entries presented in the previous part.) Common Stock Date Explanation Ref Debit Credit Balance Balance Common Stock Dividends Distributable Date Explanation Ref Debit Credit Balance Paldin Capital in Excess of Par Common Stock Date Explanation Ref Debit Credit Balance Salance v Retained Earnings Date Explanation Ref Debit Credit Balance Balance Net income Stock dividend Cash dividend Casil Dividends Date Debit Balance Explanation Ref Credit Sock Dini Credit Date Debit Balance Explanation Ref Prepare a stockholders equity section at December 31. (Enter account name only and do not provide descriptive information SUNLAND CORPORATION Balance Sheet (Partial) December 31, 2020