On January 1, 2017, Geffrey Corporation had the following stockholders' equity accounts 1,200,000 200,000 600,000 Common Stock ($20 par value, 60,000 shares issued and outstanding) Paid-in Capital in Excess of Par-Common Stock 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, payable March 1 Mar. 1 Paid the dividend declared in February Apr. 1 Announced a 2-for-1 stock split. Prior to the spilit, the market price per share was $36 July 1 Declared a 10% stock dividend to stockholders of record on July 15, dstributable July 31, On July 1, the market price of the stock was $13 per share. 31 Issued the shares for the stock didend Dec. 1 Declared a $0.50 per share dividend to stockholders of record on December 15, payable January 5, 2018. Determined that net income for the year was $350,000. 31 (a) ournalize the transactions and the closing entries for net income and dividends. (Credit account titles are automatically indented when amount is entered. De not indent manually. If no entry is required, select "No Entry for the account titles and enter O for the amounts. Record jourmal entries in the order presented in the Date Accoust Titles and Explanation (TO close n intone) (To close stock dividends (To close cash dividends