On January 1, 2012, Star Wars Corporation had the following stockholders' equity accounts. Common Stock ($20 par value, 60, 000 shares issued and outstanding Paid-in Capital in Excess of Par Value Retained Earnings During the year, the following transactions occurred. Declared a $1 cash dividend per share to stockholders of record on February 15, payable March 1. Paid the dividend declared in February. Apr.1 Announced a 4-for-l stock split. Prior to the split, the market price per share was $36. July1 Declared a 5% stock dividend to stockholders of record on July 15, distributable July 31. On July 1, the market price of the stock was $10 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 December 15, payable January 5, 2013. Dec. 31 Determined that net income for the year was $325, 000. Instructions: Journalize the transactions and closing entries