pls do both (a)Journalize the transaction and closing entries for income and dividend (b) Prepare stockholders equity section Dec 31,2017( calculate retained earnings ending balance)

Pre 214-4A on January 1, 2017. Ven Corporation had the following stockholders' equity accounts di (Total of Stockholder's Equity $2,218,250) Common Stock (no par value, 90.000 shares issued and outstanding) $1,600,000 Retained Earnings 500,000 During the year, the following transactions occurred. Feb 1 Declared a $1 cash dividend per share to stockholders of record on February 15, payable March 1 Mar 1 Paid the dividend declared in February Ape 1 Announced a 3-for-1 stock split. Prior to the split, the market price per share July 1 Declared a 5% stock dividend to stockholders of record on July 15, distributable July 31. On July 1, the market price of the stock was $16 per share. 31 Issued the shares for the stock dividend. Dec 1 Declared a $0.50 per share dividend to stockholders of record on December 15, payable January 5, 2018. 31 Determined that net income for the year was $350.000 was $36. No data Instructions (a) Journalize the transactions & closing entries for income and dividends. (b) Prepare stockholder's equity section Dec 31, 2017 (calculate retained earnings ending balance)