On December 31, 2020, Sandhill Corporation had the following shareholders' equity accounts: SANDHILL CORPORATION Balance Sheet (partial) December 31, 2020 Shareholders' equity Common shares (unlimited number of shares authorized, 95,000 issued) Retained earnings Total shareholders' equity $1,042,000 520,000 $1,562,000 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 $18. 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 $ 9; on December 30, $12, and on January 15, $11. 31 Determined that profit before income tax for the year was $451,000. The company has a 25% income tax rate. Journal the transactions and desing entries for 2021. Constitles are automatically indented when the amount Dominio entry ini selection for the hours camente in the ordered in the problem.) Det Credit Amat Taies and Eglanti 95.000 95.000 Cash and common (o record declaration of cash dividend) Notery 95.000 vidends.com 95.000 To record payment of dividend) July 1 Mema: 2-for-stock split increases the number of shares to 199.000 171,000 Sockende 171.000 Sed vidends table To record declaration of stock dividend STICO Sock Devidends Diserbutable 17 Common Shares 451000 income Summary 451.000 Red Earning (Todose Income Summery) (To close dividends to retained earnings)