View Policies Current Attempt in Progress Swifty Corporation's stockholders equity section at December 31, 2019, appears below. Stockholder's equity Paid-in capital Common stock $10 par, B4,000 outstanding $340,000 Paid-in capital in excess of par 168,000 Total paid-in capital Retained earnings Total stockholder's equity $1,008,000 157000 $1.165,000 On June 30, 2020, the board of directors of Swifty Corporation declared a 15% stock dividend, payable on July 31, 2020, to stockholders of record on July 15, 2020. The fair value of Swifty Corporation's stock on June 30, 2020, was 516 On December 1, 2020, the board of directors declared a 2-for-1 stock split effective December 15, 2020, Swifty Corporation's stock was selling for $18 on December 1, 2020, before the stock split was declared. Par value of the stock was adjusted. Met income for 2020 was $235,000 and there were no cash dividends declared. la) Prepare the foumal entries on the appropriate dates to record the stock dividend and the stock split. (Credit account elties are automatically indented when the amount is entered. Do not Indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts. Record journal entries in the order in which they must have occurred) Date Account Titles and Explanation Debit Credit Destion 4 of 4 w Polides urrent Attempt in Progress Swifty Corporation's stockholders' equity section at December 31 2019.aces below $840,000 Stockholder's quity Pald-in capital Common stock $10,84,000 outstanding Paid-in capital incess of par Total pald-in capital Retained earnings Total stockholder's equity 168.000 $1.008.000 157000 $1.165,000 On June 30, 2020, the board of directors of Swifey Corporation declared a 15 stock dividend payable on July 31, 2020, to stockholders of record on Juy 15, 2020. The fair value of Swifey Corporation's stock on ne 20 2020, was 516 On December 1, 2020. the board of directors declared a 2 for 1 ockspit effective December 15, 2020 Swifty Corporationist was selling for $18 on December 1.2020, before the stocks declared. Parve of the stock was adjusted. Net income foi 2020 24 $235.000 and there were no cash dividends dedant La Prepare the journals on the appropriates to the stock dividend and the stock split counter automatically indented when the amount tot Do not inden manuelcentrict Ne Entry for the account ondenter for the amounts Recorders in the in which they must have Date Account Titles and Explanation Debut Credit