Tugas P11-4A Om January 1, 2017, Prasad SPA had the following equity account. Share capital - ordinary ($25 par value, 48.000 shares issued and outstanding) 1.200.000 Share premium 200.000 Retained earnings 600.000 During the year, the following transactions occurred. Feb 1 Declared a $1 cash dividend per share to shareholders of record on February 15, payable March1 Mar 1 Paid the dividend declared in February. Apr 1 Announced a 5-for-1 share split. Prior to the split, the market price per share was $36. Jul 1 Declared a 10% share dividend to shareholders of record on july 15, distributable july 31. On july 1, the market price was $7 per share. Jul 31 Issued the shares for the share dividend. Dec 1 Declared a $0,40 per share dividend to shareholders of record on December 15, payable January 5, 2018. Dec 31 Determined that net income for the year was $350.000. Instructions: a. Journalize the transactions and closing entries. b. Prepare an equity section at December 31