On January 1, 2022, Primo Corporation had the following stockholders' equity accounts. During the year, the following transactions occurred. Jan. 15 Declared a $1 eash dividend per share to stockholders of record on January 31, payable February 15. Feb. 15 Paid the dividend declared in January. Apr. 15 Declared a 10% stock dividend to stockholders of record on April 30, distributable May 15. On April 15, the market price of the stock was $14 per share. May 15 Issued the shares for the stock dividend. July 1 Announced a 2 -for-1 stock split. The market price per share prior to the announcement was $15. (The new par value is \$5.) Dec. 1 Declared a $0.60 per share cash dividend to stockholders of record on December 15, payable January 10,2023. Dec 31 Determined that net income for the year was $250,000. Journalize the transactions and the closing entries for net income and dividends. (Record joumal entries in the order presented in the problem. Credit account titles are outomatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter Ofor the amounts) (To close cash dividends) (To close stock 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 question.) Cash Dividends Date Explanation Ref. Debit Balance Stock Dividends Date Explanation Ref. Debit Credit Balance Common Stock Dividends Distributable Date Explanation Ref. Debit Credit Balance Prepare a stockholders' equity section at December 31, 2022. (Enter the account name only and do not provide the descriptive information provided in the question.)