On January 1, 2014, Prasad Corporation had the following equity accounts. During the year, the following transactions occurred. Feb. 1 declared a $ 1 cash dividend per share to shareholders of record on February 15, payable March 1. Mar. 1 paid the dividend declared in February. Apr. 1 announced a 5-for-l share split. Prior to the split, the market price per share was $38. July 1 declared a 14 % share dividend to shareholders of record on July 15, distributable July 31. On July 1, the market price was $ 8 per share. 31 Issued the shares for the share dividend. Dec. 1 declared a $ 0.31 per share dividend to shareholders of record on December 15, payable January 5, 2015. 31 Determined that net income for the year was $377,000. Journalize the transactions and the closing entries for net income and dividends. (Credit account titles are automatically indented when amount for the amounts.)