RACE NENTE CALCULAR RITER VERSION Question 6 on January 1, 2020, Ivanhoe Corporation had the following stodolerseguity accounts Common Stock (24 par value, 63,000 shares bed and outstanding) $1,512,000 Paldin Capital in Excess of Par Common Stock 204,000 Retained Earnings 645,000 During the year, the following transactions occurred. Feb. 1 Dedared a si cash dividend per share to stockholders of record on February 15, pavable March 1. Mar. 1 Paid the dividend declared in February Apr. 1 Announced a 2. for stock split. Prior to the split the market price per share was so July 1 Declared a 15% stock dividend to stockholders of record on July 15, distributable July 31. On July 1, the market price of the stock was $14 e shore 31 Essued the shares for the stock dividend. Dec. 1 Dedared a $0.60 per share dividend to stockholders of record on December 15, payable January 5, 2021. 31 Determined that net income for the year was $383,000 (a) Joumalize the transactions and the closing entries for net income and dividends. (Credit account titles are automatically indented when amount is entered Do not indont manually. If no entry is required, select "No Entry for the account titles and enter for the amounts Record journal entries in the ander presented at the problem.) bate Account Titles and Explanation Debit Credit Jan. 1 v RCES (a) Journalize the transactions and the dosing entries for net income and dividends. (Credit account titles are automatically indented when amount is entered. De not indent manually. If no entry is required. select "No Entry for the account title and enter for the amounts. Record journal entries in the order presented in them. Date Account Titles and Explanation Debat Credit Jan 1 Feb Mart MY Ali V July 11:22 AM CES July 1 July 31 Dec. 1 (To close net income) ly. (To close stock dividends) (To close cash dividends)