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please show all and any calculations a, b, and c please On January 1, 2022. Sunland Corporation had the following stockholders' equity accounts Common Stock
please show all and any calculations a, b, and c please
On January 1, 2022. Sunland Corporation had the following stockholders' equity accounts Common Stock (526 par valse, 58,000 shares sued and outstanding) $1.508,000 Paid-in Capital in Excess of Par-Common Stock Retained Earnings 199.000 553.000 Mar1 Apr 1 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. Daid the dividend declared in February Announced a 2-tor-1 stock split. Prior to the split, the market price per share was $37, July 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 515 per share Issued the shares for the stock dividend. Dec 1 Declared a 50 40 per share dividend to stockholders of record on December 15, payable January 5, 2023. Determined that net income for the year was $396,500 31 31 Journal the transactions and the closing entries for net income and dividends. (Credit accounts are automatically indented when mount ist. Do not indent manually no entry required select "No Entry for the account titles and enter for the mounts Record journal entries in the order presented in the problem) Question 1 of 1 -/5 E (b) Enter the beginning balances, and post the entries to the stockholders' equity accounts. (Note:Open additional stockholders' equity accounts as needed.) (Post entries in the order of journal entries presented in the previous part.) Common Stock Date Explanation Ref Debit Credit Balance Balance Common Stock Dividends Distributable Date Explanation Ref Debit Credit Balance Paid-in Capital in Excess of Par-Common Stock Date Explanation Ref Debit Credit Balance Balance Retained Earnings Date Explanation Ref Debit Credit Balance Balance Prepare a stockholders equity section at December 31. (Enter account name only and do not provide descriptive informat: SUNLAND CORPORATION Balance Sheet (Partial) Step by Step Solution
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