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please answer all three sections as its part of the question :) On December 31, 2020, Carla Vista Corporation had the following shareholders' equity accounts:

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On December 31, 2020, Carla Vista Corporation had the following shareholders' equity accounts: CARLA VISTA CORPORATION Balance Sheet (partial) December 31, 2020 Shareholders equity Common shares (unlimited number of shares authorized, 88,000 issued) $1,036,000 Retained earnings 540.000 Total shareholders' equity $1.576,000 Jan During the year, the following transactions occurred: Declared a $1 per share cash dividend to shareholders of record on January 31. payable February 15 Announced a 2-for-1 stock split. The market price per share on the date of the announcement was $18. Dec 15 Declared a 15% stock dividend to shareholders of record on December 30, distributable on January 15 On December 15, the market price of each share was $9; on December 30, 511 and on January 15, $10 31 Determined that profit before income tax for the year was $411000. The company has a 25% income tax rate July 1 Journalize the transactions and closing entries for 2021. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts. Record journal entries in the order presented in the problem) Debit Date Account Titles and Explanation (To record declaration of cash dividend) Enter the beginning belances from the December 31, 2020, partial balance sheet. Post the entries in part (a) to the shareholders equity accounts. (Note:Open additional shareholders' equity accounts as needed) Common Shares Debit Credit Balance Date Explanation Ref. Jan 1 Balance Stock Dividends Distributable Debit Credit Date Explanation Ref. Balance Dec 15 J1 Cash Dividends-Common Debit Credit Date Explanation Ref Balance Jan 15 Dec 31 Closing entry J1 Stock Dividends Date Explanation Ref. Debit Credit Balance Dec 15 31 Dec 31 Closing entry J1 Retained Earnings Debit Credit Balance Date Explanation Ref. Jan 1 Balance Dec 31 Closing entry Dec 31 Closing entry 1

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