On January 1, 2022, Oriole Corporation had the following stockholders' equity accounts. Common Stock ($26 par value, 50,000 shares issued and outstanding) Paid-in Capital in Excess of Par-Common Stock Retained Earnings During the year, the following transactions occurred. $1,300,000 199,000 558,000 Feb. 1 Mar. 1 Declared a $2 cash dividend per share to stockholders of record on February 15, payable March 1. Paid the dividend declared in February Apr. 1 July 1 31 33 Dec. 1 31 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. (a) 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.) Date Account Titles and Explanation Debit Credit Question 1 of 2 > Date Account Titles and Explanation Debit Feb. 1 Dividends Payable Retained Earnings Mac 1 Retained Earnings Cash 100,000 100,000 5.32/50 E Credit 10 10 Apr1 Paid-in Capital in Excess of Par-Common Stock 1.300.000 Common Stock 1300 July 1 75,000 July 31 v Paid-in Capital in Excess of Par-Common Stock- 75.000 Treasury Stock Dec 1 V Dividends Payable Retained Earnings Dec 21 v Retained Eming (To cose net income) 15.000 344.000 115000 34