On January $1,2022,$ Manty Corp. had the following stockholders' equity accounts.

Common Stock $($$$20$ par value, $60,700$ shares issued and outstanding$]$

$$1,214,000$

Paid$-$in Capital in Excess of Par$-$Common Stock

$203,000$

Retained Earnings

During the year, the following transactions occurred.

Feb. $1$ Declared a $$1$ cash dividend per share to stockholders of record on February $15,$ paryable 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 $10\%$ stock dividend to stockholders of record on July $15,$ distributable July $31.$ On July $1,$ the marloet price of

the stock was $$14$ per share.

$31$ Issued the shares for the stack dividend.

Dec. $1$ Declared a $$0\mathrm{.}50$ per share dividend to stockholders of record on December $15,$ payable January $5,2023.$

$31$ Determined that net income for the year was $$310,000.$

$($a$)$

Journalize the transactions and the closing entries for net income and dividends. $($Record journal entries in the order presented in the

problem. Credit account titles are outomatically indented when amount is entered. Do not indent manually. If no entry is required, select

$"$No Entry" for the account tities and enter $0$ for the amounts.$)$