PART B dont understand :/

Date \begin{tabular}{|l|} \hline Feb, 1% \\ Mar,1 : \end{tabular} Account Titles and Explanation Apri : No Entry No Entry July 1 ? Stock Dividends Coinamon Stock Dividends Distributable July 31 On January 1, 2022, Sheridan Corporation had the following stockholders' equity accounts. During the year, the following transactions occtirred. Feb. 1 Declared a $3 cash dividend per share to stockholders of record on February 15, payable March 1. Mar. 1 Paid the dividend declared in February. Apr. 1 Announced a 2-for-1 stock split. Prior to the split, the market price per share was $38. July 1 Deciared a 10% stock dividend to stockholders of record on July 15 , distributable July 31 . On July 1, the market price of the stock was $15 per share. 31 Issued the shares for the stock dividend. Dec. 1 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 $367.500. Common Stock 117700 Dec: 1= Cash Dividends Dividends Payable: \begin{tabular}{|r|} \hline 35310 \\ \hline \end{tabular} Deci 31 Income Summary (To close net income) Retanined Earnings (To dose stock dividends) (To close 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.) Paid-in Capital in Excess of Par-Common Stock Retained Earnings Date Explanation + Balance + Net income f Stock dividend * Cash dividend Cash Dividends Stock Dividends Date Explanation Ref Debit Credit Balance