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Snow and angel shareholders' equity section at December 3 1 , 2 0 2 3 , appears below:Shareholders' equityShare capitalCommon shares, 8 2 . 0

Snow and angel shareholders' equity section at December 31,2023, appears below:Shareholders' equityShare capitalCommon shares, 82.000 issued$ 799,860Retained earnings150.000Accumulated other comprehensive income450.000Total shareholders equity$1.399.860On June 30,2024, the board of directors declared a 15% stock dividend, distributable on July 31 to shareholders of record on July 15. The fair value of Snow and Angel shares on June 30 was $14.On December 1,2024, the board of directors declared a 2-for-1 stock split eifective December 15. Snow and Angels Corporation's shares were selling for 320 on December 1,2024, before the stock split was declared. Net income for 2024 was $230,000 and there were no cash dividends declared.Instructions(a) Prepare the journal entries on the above dates to record the stock dividend and the stock split. If no entry is needed write "No entry required."(b) Prepare all closing entries required on December 31,2024.(c) Fill in the amounts that would appear in the shareholders' equity section for Snow and Angels Corporation at December 31,2024, for the following items:1. Common shares2. Number of shares issued3. Legal capital per share4. Retained earnings5. Total shareholders' equity

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