On January 1, 2022, Cullumber Corporation had the following stockholders' equity accounts. During the year, the following transactions occurred. Feb. 1 Declareda $2 cash dividend per share to stockholders of record on February 15, payable March 1. Mar. 1 Paid the dividend declared in February. Apr. 1 Announceda 2-for-1 stock split. Prior to the split, the market price per share was $35. July 1 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 $15 per share. 31 Issued the shares for the stock dividend. Dec 1 Declared a 50.50 per share dividend to stockholders of record on December 15 , payable January 5,2023. 31 Determined that netincome for the year was $386,000. 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 O for the amounts. Record journal entries in the order presented in the problem.) Deci 1 Retained Earnings Dividends Payable Deci31 Income Summary Retained Earnings (To close net income) (To close stock dividends) (To close cash dividends)