On January 1, 2012, Kristen Corporation had the following stockholders' equity accounts. Common Stock ($20 par value, 60,000 shares issued and outstanding) 1,200,000 Paid-in Capital in Excess of Par- Common Stock 200,000 Retained Earnings 600,000 During the year, the following transactions occurred. Feb 1 Declared a $1 cash dividend per share to stockholders of record on February 15, payable 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 market price of the stock was $13 per share. July 31 Issued the shares for the stock dividend Dec 1 Declared a $0.50 per share dividend to stockholders of record on Dec 15, payable Jan 5, 2013. Dec 31 Determined that net income for the year was $350,000. Instructions A. Journalize the transactions and the closing entry for net income. B. Enter the beginning balances, and post the entries to the stockholders' equity accounts. (Note: Open additional stockholders' equity accounts as needed.) C. Prepare a stockholders' equity section at Dec 31