On January 1, 2020. Swifty Corporation had the following stockholders' equity accounts. $1,330,000 Common Stock ($20 par value, 66,500 shares issued and outstanding) Paid-in Capital in Excess of Par-Common Stock Retained Earnings 190,000 579,000 During the year, the following transactions occurred. Feb. 1 Declared a $2 cash dividend per share to stockholders of record on February 15, payable March 1 Mar Pald the dividend declared in February 1 Apr 1 July 1 Announced a 2-for-1 stock split. Prior to the split, the market price per share was $35. Declared a 15% stock dividend to stockholders of record on July 15, distributable July 31. On July 1, the market price of the stock was $14 per share. Issued the shares for the stock dividend, 31 Dec 1 Declared a $0,30 per share dividend to stockholders of record on December 15, payable January 5, 2021 31 Determined that net income for the year was $390,000 Journalize the transactions and the closing entries for net income and dividends. (Credit account tities are condented when amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and the amounts. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit Feb. Cash Dividends (66500 Dividends Payable 66500 Mart Dividends Payable 86500 Canti 66500 Apr. 1 No Entry 0 No Entry July 1 Stock Dividends 186200 Common Stock Dividends Distributable 133000 Pald-in Catalin Excess of Par Common Stock 53200 July 31 Common Stock Dividends Distributable Common Stock Dec 1 Cash Dividends Dividends Payable Dec. 31 Income Summary Retained Earnings (To close net income) Dec. 31 Retained Earnings Stock Dividends (To close stock dividends) Dec 31 Retained Earnings Cash Dividends (To close cash dividends)