On January 1, 2022, Ivanhoe Corporation had the following stockholders' equity accounts Common Stock ($ 24 par value, 61,000 shares issued and outstanding) $1,464,000 Paid-in Capital in Excess of Par-Common Stock 191.000 Retained Earnings 619,000 During the year, the following transactions occurred. Feb. 1 Mar. 1 Apr. 1 July 1 Declared a $ 1 cash dividend per share to stockholders of record on February 15, payable March 1 Paid the dividend declared in February Announced a 2-for-1 stock split. Prior to the split, the market price per share was $40. 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. Declared a $ 0.40 per share dividend to stockholders of record on December 15, payable January 5, 2023 Determined that net income for the year was $ 365,500. 31 Dec 1 31 10) Prepare a stockholders equity section at December 31. (Enter account name only and do not provide descriptive informa IVANHOE CORPORATION Balance Sheet (Partial) $ > Record journal entries in the order presented in the problem) Date Account Titles and Explanation Debit Credit Feb. Cash Dividends $61.000 Dividends Payable Mar. 1 Dividends Payable $61000 Cash Apr1 No Entry No Entry Julys Stock Dividends $256,200 Common Stock Dividends Distributable Paid in Capital in Excess of Par Common Stock July 31 Common Stock Dividends Distributable $219.00 Common Stock Dec $56,120 Cash Dividende Dividends Payable Question of 2 TY Een 000 Common Stock Dividends Distributable Pald in Capital in Excess of Par-Common Stock July 31 Common Stock Dividends Distributable $219,600 Common Stock Dec 1 Cash Dividends 356,120 Dividends Payable Dec 31 Income Summary 5365,500 Retained Earnings (To dose net income) Dec 31 v Retained Earning 5256,200 Stock Dividendi (To dose stock dividends) Dec 31 Betained Earnings $117.120 Cash Dwidend (o dose cash dividends) 31.11/50 III Question 1 of 2 > Common Stock Date Explanation Ref Debit Balance Credit $1.464,000 Jan 1 Balance $1.663.600 July 31 $219,600 Common Stock Dividends Distributable Date Explanation Rel Debit Credit Balance Julys $219,600 $219.600 $219.000 50 July 31 Pald-in Capital in Excess of Par-Common Stock Date Explanation Ref Debit Credit Balance Jan 1 Balance $191,000 $36.000 5227,000 July 1 Retained Eamings Date Explanation Ref Debit Credit Balance Balance $619.000 Dec 31 Net income $365.000 $984,000 P > Cash Dividends Date Explanation Ref Debit Credit Balance Feb 1 561.000 561,000 Dec 1 $56.120 $117.120 Dec 31 $117.120 50 Stock Dividends Date Explanation Ref Debit Credit Balance July 1 $256.200 $256.200 Dec 31 $256.200 30 eTextbook and Media List of Accounts Attempts: 3 of 3 used