On January 1, 2018, Elkhardt Corporation, a publicly traded company, had these shareholders equity accounts:

Common shares (unlimited number of shares authorized, 235,000 shares issued)		$2,350,000
Retained earnings		1,152,000
Accumulated other comprehensive income		116,000

During the year, the following transactions occurred:

Jan.	15		Declared a $1 per share cash dividend to shareholders of record on January 31, payable February 15.
Apr.	16		Declared a 10% stock dividend to shareholders of record on April 30, distributable May 15. On April 16, April 30, and May 15, the share prices were $15, $13.50, and $14, respectively.
Oct.	1		Effected a 2-for-1 stock split. On October 1, the share price was $18.
Dec.	31		Determined that net income for the year was $721,000.

Record the above transactions, including any required entries to close dividends and net income. (Credit account titles are automatically indented when the amount is entered. Do not indent manually and If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Transaction entries: Date Account Titles and Explanation Debit Credit Jan. 31 Apr. 30 Oct. 1 Closing entries: Debit Credit Date Account Titles and Explanation Dec. 31 (To record net income/loss)) Dec. 31 (To close dividend) Open Taccounts as required and post to the shareholders' equity accounts. (Post entries in the order presented in the question.) Common Shares Retained Earnings Dividends Declared Stock Dividends Distributable Stock Dividends Distributable Accumulated Other Comprehensive Income Prepare a statement of changes in equity for the year. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) ELKHARDT CORPORATION Statement of Changes in Equity Common Shares Retained Earnings Accumulated Other Comprehensive Income Total Balance Jan. 1 Cash dividends declared Declared and issued stock dividends Net income Balance Dec. 31 Prepare the shareholders' equity section of the statement of financial position at December 31. ELKHARDT CORPORATION Statement of Financial Position (Partial)