On January 1, 2022, Blossom Corporation had the following stockholders' equity accounts. 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 $0.30 per share dividend to stockholders of record on December 15 , payable January 5,2023. 31 Determined that net income for the year was $361,500. 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.) Abr.1 Julv 1 Julv 31 Dec. 1 Dec. 31 (To close net income) (To close stock dividends) (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 part.) Paid-in Capital in Excess of Par-Common Stock \begin{tabular}{cll|} Date & Explanation Ref & Debit \\ \hline & Balance & \end{tabular} Balance Retained Earnings \begin{tabular}{|cccc|c|} Date & Explanation Ref & Debit & Credit \\ \hline & & \end{tabular} Net income Stock dividend Cash dividend Cash Dividends Balance Stock Dividends Your answer is partially correct. Prepare a stockholders' equity section at December 31. (Enter account name only and do not provide descriptive information.)