prepare the journal entries

The equity accounts for Kalimantan Corp showed the following balances on December 31, 2013 Preferred shares. $2 non-cumulative, unlimited shares authorized $-0- Common shares, unlimited shares authorized 100.000 shares issued and outstanding 640,000 Retained earnings 864,000 The company completed these transactions during 2014 Jan 10 Issued 20,000 common shares at $9.60 cash per share. Jan 15 The directors declared a 10% share dividend to the January 30 shareholders of record, distributable on February 15. The market price of the shares on January 15 was $9.80 Feb. 15 Distributed the share dividend. Mar 2 The directors declared a 51 20 per share cash dividend payable on March 31 to the March 15 shareholders of record Mar 31 Paid the dividend declared on March 2 The directors announced a 3.1 share split to the April 20 shareholders of record. The shares were trading just prior to the announcement at $10.00 per share Nov 11 Issued 12,000 preferred shares at $20.00 per share Dec. 1 The board of directors declared total dividends of S182,400 payable December 15, 2014 Dec 15 Paid the dividends declared on December 1 Dec 31 Closed the $1.160.000 credit balance in the Income Summary account Dec. 31 Closed the Cash Dividends account Apr 10