part b please

On January 1, 2022, Sunland Company had the following stockholders' equity accounts. During the year, the following transactions occurred. Jan. 15 Declared a \$1 cash 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 $15 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 Dec. 1 Declared a \$0,90 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 $210,000. Jocirnal ise the transactions and the closing entries for net income and dividenos. Fiecord joumblentrien in the orter preanted in the "No Entry' for the account titer and enter ofor the amounts) 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 onder of journal entries presented in the previous question.) Stock Dividends \begin{tabular}{|l} \hline Date \\ \hline \end{tabular} Explanation Ref. Debit Credit Balance Common Stock Dividends Distributable Explanation Ref. Debit Credit Balance