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. 11 Declared a $2 cash dividend per share to stockholders of record on February 15, payable March 1. Mar. 1 Apr. 1 July 1 31 Dec. 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. 31 Determined that net income for the year was $344,000. 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) Date Account Titles and Explanation Feb.1 Cash Dividends Dividends Payable c Mar 1 Dividends Payable Cash Apr.1 No Entry No Entry July 1 Stock Dividends July 311 Common Stock Dividends Distributable: Paid-in Capital in Excess of Par-Common Stock Common Stock Dividends Distributable. Debit 100000 100000 Credit 100000 100000 d July 31 Common Stock Dividends Distributable Common Stock Dec. 1 Cash Dividends Dividends Payable Dec. 31 Income Summary Retained Earnings Dec. 31 Dec. 31 (To close net income) Retained Earnings Stock Dividends (To close stock dividends) Retained Earnings Cash Dividends (To close cash dividends)