On December 31, 2020, Ivanhoe Corporation had the following shareholders' equity accounts: During the year, the following transactions occurred: Jan. 15 Declared a \$1 per share cash dividend to shareholders of record on January 31 , payable February 15. July 1 Announced a 2-for-1 stock split. The market price per share on the date of the announcement was $12. Dec. 15 Declared a 15% stock dividend to shareholders of record on December 30 , distributable on January 15. On December 15 , the market price of each share was $6; on December 30,$7; and on January 15,$6. 31 Determined that profit before income tax for the year was $451,000. The company has a 35% income tax rate. urnalize the transactions and closing entries for 2021 . (Credit account titles are automatically indented when the amount is cered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Record journal ries in the order presented in the problem.) (To record declaration of stock dividend.) (Date of record for dividend.) (To close Income Summary.) (To close dividends to retained earnings.)