On January 1, 2022, Concord Corporation had the following stockholders' equity accounts. Common Stock ($20 par value, 67,100 shares issued and outstanding) $1,342,000 Paid-in Capital in Excess of Par-Common Stock Retained Earnings During the year, the following transactions occurred. 194,000 612,000 Feb. 1 Declared a $2 cash dividend per share to stockholders of record on February 15, payable March 1. Mar. 1 Paid the dividend declared in February. Announced a 2-for-1 stock split. Prior to the split, the market price per share was $37. Apr. 1 July 1 31 Dec. 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. Issued the shares for the stock dividend. 31 Declared a $0.50 per share dividend to stockholders of record on December 15, payable January 5, 2023. Determined that net income for the year was $360,000. 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 amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Date Account Titles and Explanation Debit Credit (To close net income) (To close stock dividends) (To close cash dividends)