Please answer question number 10 part C, showing all work accordingly. Thank you.

On January 1, 2022 Ayayai 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 Retained Earnings 480,000 600,000 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. Determined that net income for the year was $350,000. May 15 Dec. 1 Dec. 31 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 26.00 Feb. 15 Dividends Payable 26.000 Cash 2600 Apr. 15 V Stock Dividends 78000 Common Stock Dividends Distributable 65.00 Pald-in Capital in Excess of Par Value Cortimon Stock 12.00 May 15 Common Stock Dividends Distributable 65.000 Common Stock 85.00 Dec 1 Cash Dividends 35.750 Dividends Payable 35.75 Dec 3 Income Summary 350.000 Retained Earnings 350.00 To close net income) Dec 31 Retained Earnings 78,000 Stock Dividends 78,00 To close stock dividends) Dec. 31 Retained Earnings 61.750 II THE Cash Dividends 6175 (To close 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 zero for the amount) Common Stock 1/1 Bal 650.000 5/15 V 65.000 12/31 Bal 715.000 Retained Earnings 12/31 78,000 1/1 Bal. 800.000 12/31 61.750 12/31 350.000 12/31 Bali 810250 Paid-in Capital in Excess of Par Value 1/1 Bal 480.000 4/15 V 12000 12/31 Bal. 493.000 Cash Dividends 1/15 26,000 12/31 61.750 12/1 > 35750 12/31 Bal g Common Stock Dividends Distributable 5/15 V 65.000 4/15 65.000 12/31 Bal 0 Stock Dividends 4/15 78.000 12/31 V 78.000 12/31 Hal 0 (C) Prepare the stockholders'equity section of the balance sheet at December 31 AYAYAI CORP. Partial Balance Sheet v