On January $1,2020$ Windsor Inc. had the following stockholders equity accounts common stock parentheses $$22$ par value $53,500$ shares issued in outstanding parentheses $$1,177,000$ paid in capital in excess of par common stock one $91,000$ earnings $66,00331,000631,000$ during the year the following transactions occurred February $1$ declared a three dollar cash dividend per share to stockholders of record on February $15$ payable March $1$ March $1$ paid the dividend declared and February April $1$ announced at two for one stock split prior to the split the market price per share was $$38$ July $1$ declared $10\%$ dividend to stockholders of on July $15$ distributable July $31$ on July $1$ the market price of the stock was $$15$ per share July $31$ issued shares for the stock dividend December $1$ declared a $$\mathrm{.}30$ per shared dividend to stockholders of record on December $15$ payable January $5,2021$ December $31$ determined the net income for the year was $367,500$ journalize the transaction in the closing entries for net income and dividends using one to $345-6789$ columns enter the beginning balances and post the entries to stockholders equity accounts use accounts note open additional stockholders equity accounts as needed using common stock retained earnings paid in Value common stock dividends distributable cash dividends and stock dividends prepare stockholders equity section at December $31$ enter account only and do not provide descriptive information