I NEED HELP WIth PART C REQUIREMENT #1, #2, AND #3 ONLY. I'VE ALREADY COMPLETED PARTS A&B. THANK YOU!

Part C On October 1, 2018, Nicklaus Corporation receives permission to replace its $1 par value common stock (4,000,000 shares authorized 2.000.000 shares issued, and 1,900,000 shares outstanding) with a new common stock issue having a $.50 par value. Since the new par value is one-half the amount of the old, this represents a 2-for-1 stock split. That is, the shareholders will receive two shares of the $.50 par stock in exchange for each share of the $1 par stock they own. The $1 par stock will be collected and destroyed by the issuing corporation. On November 1, 2018, the Nicklaus Corporation declares a $0.05 per share cash dividend on common stock and a $0.21 per share cash dividend on preferred stock. Payment is scheduled for December 1, 2018, to shareholders of record on November 15, 2018. On December 2, 2018, the Nicklaus Corporation declares a 3% stock dividend payable on December 28, 2018. to shareholders of record on December 14. At the date of declaration, the common stock was selling in the open market at $15 per share. The dividend will result in 114,000 (0.03 3,800,000) additional shares being issued to shareholders. Required: 1. Prepare journal entries to record the declaration and payment of these stock and cash dividends. 2. Prepare the December 31, 2018, shareholders' equity section of the balance sheet for the Nicklaus Corporation. Assume net income for the fourth quarter was $2.050.000.) 3. Prepare a statement of shareholders' equity for Nicklaus Corporation for 2018. Complete this question by entering your answers in the tabs below. Required 1 Part A Required 2 Part A Required 1 Part B Required 2 Part B Required 1 Part C Required 2 Part C Required 3 Part Prepare the December 31, 2018, shareholders' equity section of the balance sheet for the Nicklaus Corporation. (Assume net income for the fourth quarter was $2,050,000.) NICKLAUS CORPORATION Balance Sheet - Shareholders' Equity Section December 31, 2018 Shareholders' equity Paid-in capital -excess of par Paid-in capital-share repurchase Retained earnings Less: Treasury stock Total shareholders' equity Required 1 Part A Required 2 Part A Required 1 Part B Required 2 Part B Required 1 Part C Required 2 Part C Required 3 Part C Prepare journal entries to record the declaration and payment of these stock and cash dividends. (If no entry is required for a transaction/event, select "No journal entry required in the first account field.) No Date General Journal Debit Credit October 01 No journal entry required 2 November 01 Retained earnings Cash dividends payable, common Cash dividends payable preferred 210,000 November 15 No journal entry required December 01 Cash dividends payable, common Cash dividends payable, preferred Cash 210,000 5 December 02 Retained earnings 1,710,000 Paid-in capital-excess of par, common Common stock dividends distributable 1,653,000 57,000 December 28 57.000 Common stock dividends distributable Common stock 57.000 Complete this question by entering your answers in the tabs below. Required 1 Part A Required 2 Part A Required 1 Part B Required 2 Part B Required 1 Part C Required 2 Part C Required 3 Part C Prepare a statement of shareholders' equity for Nicklaus Corporation for 2018. (Amounts to be deducted should be indica minus sign. Enter your answers in thousands.) NICKLAUS CORPORATION Statement of Shareholders' Equity for the Year Ended Dec. 31, 2018 ($ in 000s) Additional Common Paid-in Retained Stock Capital Earnings Total Preferred Stock Treasury Stock Shareholders' Equity Jan 2, 2018 Issuance of preferred stock Issuance of common stock Purchase of treasury stock Sale of treasury stock Net income Common cash dividends Preferred cash dividends Stock dividend December 31, 2018 0