Please answer question #10 part B, SHOWING ALL WORK ACCORDINGLY. Thank you!

On January 1, 2022. Ayayal Corp. had these stockholders' equity accounts. $650,000 Common Stock ($10 par value, 65,000 shares issued and outstanding) Paid-in Capital in Excess of Par Value 480,000 Retained Earnings 600,000 During the year, the following transactions occurred, Jan. 15 Feb. 15 Apr. 15 Declared a $0.40 cash dividend per share to stockholders of record on January 31, payable February 15. Paid the dividend declared in January. 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 $12 per share. Issued the shares for the stock dividend. Declared a $0.50 per share cash dividend to stockholders of record on December 15, payable January 10, 2023. May 15 Dec. 1 Dec 31 Determined that net income for the year was $350,000. Journalize the transactions. (Include entries to close net income and dividends to Retained Earnings) (Record entries in the order displayed in the problem statement. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts.) Date Account Titles and Explanation Debit Credit Jan. 15 Cash Dividends 26.000 Dividends Payable 26.000 Feb. 15 > Dividends Payable 26.000 Cash 26.000 Apr 15 Stock Dividends 78.000 Common Stock Dividends Distributable 65.000 Pald-in Capital in Excess of Par Value-Common Stock 13,000 May 15 Common Stock Dividends Distributable 65,000 Common Stock 85.000 Dec 1 > Cash Dividends 35,750 Dividends Payable 5.750 le Dec 31 Income Summary 350.000 Retained Earnings 350.000 (To close net income) Dec 31 Retained Earnings 78.000 Stock Dividends 78.000 (To close stock dividends) Dec 31 Retained Earnings 81.750 61.750 Cash Dividends Enter the beginning balances and post the entries to the stockholders' equity T-accounts. (Post entries in the order of journal entries posted in the previous part. For accounts that have zero ending balance, the entry should be the balance date and zoro for the amount) Common Stock Retained Earnings V Paid-in Capital in Excess of Par Value Cash Dividends > Common Stock Dividends Distributable Stock Dividends >