Assignment 3 CLO4 I On January 1, 2020. Geffrey Corporation had the following stockholders equity accounts: Ordinary shares ($15 par value, 80,000 shares issued and outstanding) $1.200,000 Share Premium Ordinary 600,000 Retained Earnings 800,000 D During the year, the following transactions occurred Feb. 1 Declared a $1 cash dividend per share to stockholders. Mar 1 Paid the dividend declared in February Apt Announced a 2-for-1 stock split. Prior to the split the market price per share was $16. May 1 Declared a 20% stock dividend to stockholders of record on May 15. distributable May 31 On May 1, the market price of the stock was $10 per sbare May 31 Issued the shares for the stock dividend Dec. 1 Declared a S1 per share dividend to all existing stockholders 31 Determined that net income for the year was S200.000 Instructions Journalize the above transactions and the closing entries Prepare a shareholders equity section at December 31