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ACCOUNTING HELP On January 1, 2022, Sheridan Corporation had the following stockholders' equity accounts. During the year, the following transactions occurred, Feb. 1 Declared a

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On January 1, 2022, Sheridan Corporation had the following stockholders' equity accounts. During the year, the following transactions occurred, Feb. 1 Declared a $3 cash dividend per share to stockholders of record an Februacy 15, payable March 1. Mar. 1 Paid the dividend declared in February, Apr. 1 Announced a 2-for-1 stock split. Prior to the split, the market price per share was $38. July 1 Declared a 10% stock dividend to stockholders of record on July 15, distributable July 31 On luly 1, the mariket price of the stock was $15 per share. 31 Issued the shares for the stock dividend. Dec 1 Declared a $0.30 per share dividend to stockholders of record on December 15, payable January 5,2023. 31 Determined that net income for the year was $367,500 Journalize the transactions and the closing entries for net income and dividends. (Credit account titles are automatically indented when mount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account tities and enter O for the amounts. Record journal entries in the order presented in the problem.)

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