2 On an 1, Apache account On that does the corporation and common shawthor 60.000 seed and outstanding the shares were intelly sold for $12 each. A then completed the following transactions . Feb 13 - the board of directors declared a $2 per share cash dividend, payable March 14 to the March 1 shareholders of record 9 Mar 1 date of record Mar 14 -paid the dividend declared on Feb ta 12 May 22 the board of directors declared a 10% stock dividend, distributable on June 18 to the June 4 shareholders of record. The shares were selling at $15 per share that day June 4 - date of record; shares were trading for $16 June 18 - distributed the stock dividend declared on May 22; shares were trading for $17 that day June 30 - With a June 30 year-end, the income Summary account has a credit balance of $94,000 rune 4 - date or record; shares were trading Tor Sib June 18 - distributed the stock dividend declared on May 22; shares were trading for $17 that day June 30 - With a June 30 year-end, the Income Summary account has a credit balance of $94,000 July 5 - the board of directors voted to effect a 2 for 1 stock split, which was completed on July 28. Shares traded for $17 on July 5 and $18 on July 28 Required: A) Prepare the journal entries to record these transactions and to close the income summary account at year end B) Prepare the shareholders' equity section of the balance sheet for the corporation dated July 28. tv volo ... I UA Format B