Part C On October 1, 2014, Nicklaus Corporation enacts a 2-for-l stock split on its common stock. (We will assume Nicklaus accounts for the split as a true stock split and that it applies the split to its treasury stock as well this is not always the case, but will make our lives easier.) On November 1, 2014, the Nicklaus Corporation declares a $.05 per share cash dividend on common stock and a $.25 per share cash dividend on preferred stock. Payment is scheduled for December 1, 2014, to shareholders of record on November 15, 2014. On December 2, 2014, the Nicklaus Corporation issues 58,000 shares of common stock for $10 per share. Required: 1. Prepare journal entries to record the transactions above. 2. Prepare the December 31, 2014, shareholders' equity section of the balance sheet for the Nicklaus Corporation. (Assume net income for the fourth quarter was $2,500,000.) 3. Prepare a statement of shareholders' equity for Nicklaus Corporation for 2014.