On January 1, 2022, Sunland Corporation had the following stockholders' equity accounts. $1.560,000 191.000 Common Stock (S 24 par value, 65,000 shares issued and outstanding) Paid-in Capital in Excess of Par-Common Stock Retained Earnings 591,000 During the year, the following transactions occurred. Fab: 1 Mat 1 Dedared 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 pershare was $ 36 Dedared a 10% 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 Apr 1 July 1 31 Issued the shares for the stock dividend Dec 1 Dedlared a $ 30 per share dividend to stockholders of record on December 15. payable January 5, 2023 Determined that net income for the year was S 328,000. 31 Journalize the transactions and the closing entries for net income and videos neer only when amount is entered. Do not indent manually. If no enby is required, select "No Entry for the account tles and enter for the amounts Recordjoumal entries in the order presented in the problem.) Debit Credit Date Account Titles and Explanation DPD (To doo net income) Todose stock dividends) To dos 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 jumal entries presented in the previous part) Common Stock Debit Credit Balance Date Explanation Ref V Balance Common Stock Dividends Distributable Date Explanation Ref Credit Balance Debit Paldin Capital in Excess of Par Common Stock Date Explanation Ref Debit Credit Balance V M Hetained Earning Date Exploration Ref Debit Credit Balance V Netcom Stock Cash dvided Cash Devidence Date Explanation Rel Debit Credit Balance dividend Cash Dividends Credit Date Debit Balance Explanation Ref Stock Dividends Date Explanation Rel Debit Credit Balance Prepare a stockholders equity section at December 31. (Enter account name only and do not provide descriptive information.) SUNLAND CORPORATION Balance Sheet (Partial)