On December 31, 2020, Sheridan Corporation had the following shareholders equity accounts:

SHERIDAN CORPORATION Balance Sheet (partial) December 31, 2020
Shareholders equity
Common shares (unlimited number of shares authorized, 89,000 issued)		$1,070,000
Retained earnings		550,000
Total shareholders equity		$1,620,000

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 3-for-2 stock split. The market price per share on the date of the announcement was $18.
Dec.		15		Declared a 10% stock dividend to shareholders of record on December 30, distributable on January 15. On December 15, the market price of each share was $12; on December 30, $15; and on January 15, $14.
		31		Determined that profit before income tax for the year was $459,000. The company has a 30% income tax rate.

Journalize the transactions and closing entries for 2021.