Problem 14-01A a-c (Part Level Submission) (Video) On January 1, 2020, Wildhorse Corporation had the following stockholders' equity accounts. Common Stock ($22 par value, 54,000 shares issued and outstanding) $1,188,000 Paid-in Capital in Excess of Par-Common Stock 199,000 Retained Earnings 626,000 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. Apr. 1 Announced a 2-for-1 stock split. Prior to the split, the market price per share was $35. 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. 31 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 s321,500. Your answer is partially correct. Try again. 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 fournal entries presented in the previous part.) Common Stock Date Explanation Ref Debit Credit Balance Jan. 1 Balance July 31 Common Stock Dividends Distributable Date Explanation Ref Debit Credit Balance July 1 July 31 www. Paid-in Capital in Excess of Par-Common Stock Date Explanation Ref Debit Credit Balance Jan. 1 Balance 199000 July xww Retained Earnings Date Explanation Ref Debit Credit Balance Jan. 1 Balance Dec. 31 Net income X X Stock dividend jo Cash dividend Cash Dividends Date Explanation Ref Debit Credit Balance Feb. 1 DUNI Dec. 1 Dec. 31 Debit Stock Dividends Date Explanation Ref x Dec. 31 Credit Balance X X July 1