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please help! gnment CALORATOR PRINTER VERSION BACK NERTE Problem 14-01A - (Part Level Submission) (Video) On January 1, 2020, Crane Corporation had the following stockholders'

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gnment CALORATOR PRINTER VERSION BACK NERTE Problem 14-01A - (Part Level Submission) (Video) On January 1, 2020, Crane Corporation had the following stockholders' equity accounts. Common Stock ($26 par value, 50,000 shares issued and outstanding) $1,300,000 Pald-in Capital in Excess of Par-Common Stock 194,000 Retained Earnings 619,000 During the year, the following transactions occurred Feb. 1 Declared a $2 cash dividend per share to stockholders of record on February 15, payable March 1 Mar. 1 Paid the dividend declared in February Apr. 1 Announced a 2-for-1 stock split. Prior to the split, the market price per share was $36. July 1 Declared a 10% stock dividend to stockholders of record on July 15, distributable July 31. On July 1, the market price of the stock was $15 per share Issued the shares for the stock dividend, Dec. 1 Declared a $0.40 per share dividend to stockholders of record on December 15, payable January 5, 2021 31 Determined that net income for the year was $393,500 Journalize the transactions and the closing entries for net income and dividends. (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 o for the amounts. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit CALCULATOR PRINTER VERSION BACK NEXT Journalize the transactions and the closing entries for net income and dividends. (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. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit 1 ent > Open Assignment ENT RESOURCES omework s with Video ce (Part Level on) e 14-01 e 14-03-D e 14-05 a-b evel Submission) 14-07 (Video) 14-01A a-d vel Submission) 14-04A (Video) ore sults by Study (To close net income) (To close stock dividends) (To close cash dividends)

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