This question was not answered correctly previously. Please use the attached resources to complete the beginning balances and prepare the stockholder's equity statement.

Complete the entries below

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Larkspur Corporation's stockholders' equity section at December 31, 2019 appears below: On June 30,2020 , the board of directors of Larkspur Corporation declared a 20% stock dividend, payable on July 31,2020 , to stockholders of record on July 15, 2020. The fair value of Larkspur Corporation's stock on June 30,2020, was $14. On December 1,2020, the board of directors declared a 2 for 1 stock split effective December 15, 2020. Larkspur Corporation's stock was selling for $20 on December 1, 2020, before the stock split was declared. Par value of the stock was adjusted. Net income for 2020 was $202,000 and there were no cash dividends declared. Dec 1 : Cash Dividends 42900 Dividends Payable Dec. 31 Income Summary 328000 Retained Earnings (To close net income) Dec. 31 Retained Earnings Stock Dividends (To close stock dividends) Dec 31 Retained Earnings Cash Dividends (To close cash dividends) 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 journal entries presented in the previous part.) Retained Earnings Cash Dividends Credit Balance Stock Dividends \begin{tabular}{rlccc} Date & Explanation Ref & Debit & Credit & Balance \\ \hline \end{tabular} Prepare a stockholders' equity section at December 31. (Enter account name only and do not provide descriptive informatinn