On January 1, 2022, Oriole Corporation had the following stockholders' equity accounts. $1,300,000 Common Stock ($26 par value, 50,000 shares issued and outstanding) Paid-in Capital in Excess of Par-Common Stock Retained Earnings 199,000 558,000 During the year, the following transactions occurred. Feb. 1 Mar. 1 Apr. 1 July 1 Declared a $2 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 $37. 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 $0.30 per share dividend to stockholders of record on December 15, payable January 5, 2023. Determined that net income for the year was $344,000. 31 Dec. 1 31 Journalize the transactions and the closing entries for net income and dividends. (Ondit 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 for the amounts. Record journal entries in the order presented in the problem) Date Account Tities and Explanation Debit Credit Jan. 1 Mart Apr1 July 31 Dec. 1 (To dose net income) (To cose stock dividends) (Todose 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) Common Stock Date Explanation Ref Debit Credit Balance Balance Common Stock Dividends Distributable Date Explanation Rel Debit Credit Balance Pald-in Capital in Excess of Par-Common Stock Date Explanation Ref Det Crede Balance Balance Retained Earnings Data Explanation Ref Debat Or Balance Newcome Stock dividend Cash dividend Cash Dividends Explanation De Prepare a stockholders' equity section at December 31. (Enter account name only and do not provide descriptive information.) ORIOLE CORPORATION Balance Sheet (Partial) :) > $ >