Before preparing financial statements for the current year, the chief accountant for Toso Company discovered the following errors in the accounts.

1.		The declaration and payment of $53,500 cash dividend was recorded as a debit to Interest Expense $53,500 and a credit to Cash $53,500.
2.		A 10% stock dividend (1,200 shares) was declared on the $10 par value stock when the market price per share was $18. The only entry made was Stock Dividends (Dr.) $12,000 and Dividend Payable (Cr.) $12,000. The shares have not been issued.
3.		A 4-for-1 stock split involving the issue of 367,000 shares of $5 par value common stock for 91,750 shares of $20 par value common stock was recorded as a debit to Retained Earnings $1,835,000 and a credit to Common Stock $1,835,000.

Prepare the correcting entries at December 31.