On January 1, 2020, Carla Vista Corporation had the following stockholders equity accounts.

Common Stock ($26 par value, 59,500 shares issued and outstanding)		$1,547,000
Paid-in Capital in Excess of ParCommon Stock		191,000
Retained Earnings		564,000

During the year, the following transactions occurred.

Feb. 1		Declared a $3 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 $35.
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 $15 per share.
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, 2021.
31		Determined that net income for the year was $308,000.

Journalize the transactions and the closing entries for net income and dividends. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Record journal entries in the order presented in the problem.)

Enter the beginning balances, and post the entries to the stockholders equity accounts. (Note: Open additional stockholders equity accounts as needed.) (Post entries in the order of journal entries presented in the previous part.)

Common Stock
Date	Explanation		Ref	Debit	Credit	Balance
Common Stock Dividends Distributable
Date	Explanation		Ref	Debit	Credit	Balance
choose a transaction date
Paid-in Capital in Excess of ParCommon Stock

Date	Explanation	Ref	Debit	Credit	Balance
Date
Date
Retained Earnings
Date	Explanation	Ref	Debit	Credit	Balance
Date
Date
Date
Date
Cash Dividends

Date	Explanation	Ref	Debit	Credit	Balance
Date
Date
Date
Stock Dividends
Date	Explanation	Ref	Debit	Credit	Balance
Date
Date

Prepare a stockholders equity section at December 31. (Enter account name only and do not provide descriptive information.)

CARLA VISTA CORPORATION Balance Sheet (Partial) choose the accounting period Date
select an opening section name
select an opening subsection name
select a name of subordinate part one of this subsection
enter a balance sheet item			$enter a dollar amount
select a name of subordinate part two of this subsection
enter a balance sheet item			enter a dollar amount
select a closing subsection name			enter a total of the two previous amounts
enter a balance sheet item			enter a dollar amount
select a closing section name			$enter a total amount for this section