On January 1, 2020, Splish Brothers Inc. had the following stockholders' equity accounts. Common Stock ($10 par value, 80,300 shares issued and outstanding) $803,000 Pald-in Capital in Excess of Par-Common Stock 215,000 Retained Earnings 536,000 During the year, the following transactions occurred. Jan 15 Declared a $1.10 cash dividend per share to stockholders of record on January 31, payable February 15. Feb. 15 Paid the dividend declared in January Apr. 15 Declared a 10% stock dividend to stockholders of record on April 30. distributable May 15. On April 15, the market price of the stock was $16 per share. May 15 issued the shares for the stock dividend. July 1 Announced a 2-for-1 stock split. The market price per share prior to the announcement was $14.(The new par value is $5.) Dec. 1 Declared a $0.80 per share cash dividend to stockholders of record on December 15, payable January 10, 2021. Dec. 31 Determined that net income for the year was $290,000. Journalize the transactions and the closing entries for net income and dividends. (Record journal entries in the order presented in the problem. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts.) Debit Credit Date Account Titles and Explanation Date Account Titles and Explanation Debit Credit (To close net income) (To close cash dividends) 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 question.) Common Stock Date Explanation Ref. Debit Credit Balance Balance Common Stock Dividends Distributable Date Debit Balance Explanation Ref. Credit Pald-in Capital in Excess of Par Value-Common Stock Date Explanation Ref. Debit Credit Balance Balance Balance Retained Earnings Date Explanation Credit Ref. Debit Balance Cash dividends Cash Dividends Date Explanation Ref. Debit Credit Balance Stock Dividends Date Explanation Ref. Debit Credit Balance Prepare a stockholders' equity section at December 31, 2020. (Enter the account name only and do not provide the descriptive information provided in the question.) Splish Brothers Inc. Balance Sheet (Partial)