Question 3 of 3 -12 E View Policies Current Attempt in Progress On January 1, 2022, Whispering Winds Corp, had these stockholders equity accounts. Common Stock ($10 par value. 73,000 shares issued and outstanding) Paid-in Capital in Excess of Par Value Retained Earnings $730,000 488,000 680,000 During the year, the following transactions occurred. Jan. 15 Declared a $0.50 cash dividend per share to stockholders of record on January 31, payable February 15. Feb 15 Paid the dividend declared in January Apr. 15 Declared a 10% stock dividend to stockholders of record on April 30, distributable May 15. On April 15, the market price of the stock was $16 per share. May 15 Issued the shares for the stock dividend. 1 Declared a $0.70 per share cash dividend to stockholders of record on December 15, payable January 10, 2023. Dec. 31 Determined that net income for the year was $366,000 Dec. Journalize the transactions. Include entries to close net income and dividends to Retained Earnings) {Record entries in the order displayed in the problem statement. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts.) Account Titles and Explanation Debit Credit Date MADAR Question 3 of 3 -/2 FURRY Date Account Titles and Explanation Debit Credit > To close net income) Question 3 of 3 -/2 (To close net income) (To close stock dividends) (To close cash dividends) e Textbook and Media List of Accounts Question 3 of 3 -/2 E Enter the beginning balances and post the entries to the stockholders equity T-accounts (Post entries in the order of journal entries posted in the previous part. For accounts that have zero ending balance, the entry should be the balance date and zero for the amount.) Common Stock > Retained Earnings Paid-in Capital in Excess of Par Value Cash Dividends Question 3 of 3 -12 Cash Dividends Common Stock Dividends Distributable Stock Dividends Textbook and Media List of Accounts Question 3 of 3 -12 E Prepare the stockholders' equity section of the balance sheet at December 31. WHISPERING WINDS CORP. Partial Balance Sheet $ C > $ e Textbook and Media List of Accounts Question 3 of 3