please answer all sections

P11-4B P11-4B On January 1, 2014, Lamar Corporation had these stockholders' equity Common Stock ($20 par value, 80,000 shares issued and outstanding) Paid-in Capital in Excess of Par Value Retained Earnings $1,600,000 240,000 750,000 During the year, the following transactions occurred 1 Declared a $1.00 cash dividend per share to stockholders of record on February 15, payable March 1 Feb. Mar. 1 Paid the dividend declared in February July 1 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 $25 per share 31 Issued the shares for the stock dividend Declared a $1 per share cash dividend to stockholders of record on December 15, payable January 5, 2017 Determined that net income for the year was $500,000. The market price of the common stock on this date was $32 Dec. 1 31 Instructions ions. (Include entries to close net Retained Earnings.) (c) Prepare the instructions (a) and (b) have already been completed for you. (a) Feb. 1 Cash Dividends (80,000 x $1.00) . s and post the entries to Note ers' equity section of the balance sheet at December 31 2017 80,000 Dividends Payable . 80,000 1 Dividends Pavable Aug 01 More Below Credit Jan 10 Apr 01 Mar 01 Nov 01 Paid-In Capital in Excess of Par- Preferred Stock Balance Date Mar 01 Nov 01 Explanation Credit Common Stock DebitCredit Balance Explanation Date Jan 10 Apr 01 May 01 Aug 01 Sept 01 Paid-In Capital in Excess of Par- Common Stock Balance Credit Date Explanation Lamar Corporation Partial Balance Sheet December 31, 2017 Add more lines if needed Don't panic if you have "extra" lines