4. On January 1, 2022, Berlin Corporation had the following stockholders' equity accounts: Common Stock (\$10 par value, 100,000 shares issued and outstanding) Paid-in Capital in Excess of Par Value Retained Earnings $1,000,000 200,000 540,000 During the year, the following transactions occurred. Instructions: Journalize the transactions Jan. 15 Declared a $1 cash dividend per share to stockholders of record on January 31 , payable February 15 . Feb. 15 Paid the dividend declared in January. Apr. 15 Declared a 10% stock dividend to stockholders of record on April 30, distributable May 15. On April 15, the market price of the stock was $15 per share. May 15 Issued the shares for the stock dividend. July 1 Announced a 2 -for-1 stock split. The market price per share prior to the announcement was $17. (The new par value is $5.) Dec. 1 Declared a $0.50 per share cash dividend to stockholders of record on December 15 , payable January 10,2022 Dec 31 Determined that net income for the year was $250,000