(a) Journalize the transactions and the closing entries for net income and dividends. (Record journal entries in the order pre manually. If no entry is required, select "No Entry" for the account titles and enter o for the amounts.) Date Account Titles and Explanation Debit Credit (To close cash dividends) (To close stock dividends) (To close net income) Problem 11-7A (Part Level Submission) On January 1, 2019, Whispering Winds Corp. had the following stockholders' equity accounts. Common Stock ($10 par value, 81,600 shares issued and outstanding) $816,000 Paid-in Capital in Excess of Par Value-Common Stock 188,000 Retained Earnings 545,000 During the year, the following transactions occurred. Jan. 15 Declared a $1.00 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 $15. (The new par value is $5.) Dec. 1 Declared a $0.70 per share cash dividend to stockholders of record on December 15, payable January 10, 2020. Dec. 31 Determined that net income for the year was $260,000