Before preparing financial statements for the current year, the chief accountant for Cullumber Company discovered the following errors in the accounts. 1. 2. 3. The declaration and payment of $46,000 cash dividend was recorded as a debit to Interest Expense $46,000 and a credit to Cash $46,000. A 10% stock dividend (1,300 shares) was declared on the $12 par value stock when the market price per share was $18. The only entry made was Stock Dividends (Dr.) $15,600 and Dividend Payable (Cr.) $15,600. The shares have not been issued. A 4-for-1 stock split involving the issue of 352,000 shares of $5 par value common stock for 88,000 shares of $20 par value common stock was recorded as a debit to Retained Earnings $1,760,000 and a credit to Common Stock $1,760,000. Prepare the correcting entries at December 31. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.)