Current Attempt in Progress On January 1, 2022, Oriole Corporation had the following stockholders' equity accounts. Common Stock ($26 par value. 52,500 shares issued and outstanding) Paid-in Capital in Excess of Par-Common Stock Retained Earnings During the year, the following transactions occurred. $1,365,000 191,000 579,000 Feb. 1 Declared a $2 cash dividend per share to stockholders of record on February 15, payable March 1. Mar. 1 Paid the dividend declared in February Apr. 1 July 1 31 Dec. 1 Announced a 2-for-1 stock split. Prior to the split, the market price per share was $39. Declared a 10% stock dividend to stockholders of record on July 15, distributable July 31. On July 1. the market price of the stock was $15 per share. Issued the shares for the stock dividend. Declared a $0.40 per share dividend to stockholders of record on December 15, payable January 5, 2023, 31 Determined that net income for the year was $357,500. 1.66/6 July 31 Common Stock Dividends Distributable 136500 Common Stock Dec. 1 Cash Dividends Dividends Payable Dec. 31 Income Summary Retained Earnings (To close net income) Dec. 31 v Retained Earnings Stock Dividends (To close stock dividends) Dec. 31- Retained Earnings Cash Dividends (To close cash dividends) eTextbook and Media 257500 105000 13 35 10 S Enter the beginning balances, and post the entries to the stockholders' equity accounts. (Note: Open additional stockholders' equity accounts as needed.) (Post entries in the order of journal entries presented in the previous part.) Common Stock Date Explanation Ref Debit Balance Common Stock Dividends Distributable Credit Balance Date Explanation Ref Debit Credit Balance Debit Credit Balance Paid-in Capital in Excess of Par-Common Stock Date Explanation Ref Balance Paid-in Capital in Excess of Par-Common Stock Date Explanation Ref Debit Credit Balance Balance V Retained Earnings Date Explanation Ref Debit Credit Balance Balance V Net income Stock dividend Cash dividend Cash Dividends Date Explanation Ref Debit Credit Balance Cash Dividends Date Explanation Ref Debit Credit Balance Stock Dividends Date Explanation Ref Debit Credit Balance eTextbook and Media List of Accounts Save for Late Attempte: 0 of 5 used Submit Answer ORIOLE CORPORATION Balance Sheet (Partial) $