Problem 11-4A On January 1, 2017, Geffrey Corporation ha Common Stock ($26 par value, 55,500 shares issued and outstanding) Paid-in Capital in Excess of Par-Common Stock Retained Earnings $1,443,000 202,000 637,000 During the year, the following transactions occurred Feb. 1 Declared a $3 cash dividend per share to stockholders of record on February 15, payable March 1. Mar. 1 Paid the dividend declared in February July 1 Declared a 10% stock dividend to stockholders of record on Dec. 1 Declared a s0.30 per share dividend to stockholders of record on December 15, payable January 5, 2018. Apr. 1 Announced a 2-for-1 stock split. Prior to the split, the market price per share was $35. July 15, distributable July 31. On July 1, the market price of the stock was $15 per share. 31 Issued the shares for the stock dividend. 31 Determined that net income for the year was $361,500. ournalize the transactions and the closing entries for net income and dividends. (Credit account titles are automatically indented when smount is entered. Do manually. problem.) not inde If no entry is required, select "No Entry" for the account titles ond enter O for the amounts. Record journal entries in the order presented in the Date Account Titles and Explanation Debit Credit