Jon January 1, 2012, Kristen Corporation had the following stockholders' equity accounts. Common Stock ($22 par value, 51,000 shares issued and outstanding) Paid-in Capital in Excess of Par-Common Stock Retained Earnings $1,122,000 201,700 630,200 During the year, the following transactions occurred. Feb. 1 Declared a $1 cash dividend per share to stockholders of record on February 15, payable March 1. Mar. 1 Paid the dividend declared in February. Apr. 1 Announced a 2-for-1 stock split. Prior to the split, the market price per share was $36. July 1 Declared a 12% stock dividend to stockholders of record on July 15, distributable July 31. On July 1, the market price of the stock was $14 per share. 31 Issued the shares for the stock dividend. Dec. 1 Declared a $0.40 per share dividend to stockholders of record on December 15, payable January 5, 2013. 31 Determined that net income for the year was $384,000. Enter the beginning balances, and post the entries to the stockholders' equity accounts. (Post entries in the order of journal entries presented in the previous part.)