Before preparing financial statements for the current year, the chief accountant for Ivanhoe Company discovered the following errors in the accounts 1 The declaration and payment of $46,500 cash dividend was recorded as a debt to interest Expense 6.500 and a credit to Cash $46,500 A 10% stock dividend (1,500 shares) was declared on the $10 par value stock when the market price per share was $18. The only entry made was Stock Dividends (D) $15,000 and Dividend Payable (C) $15,000. The shares have not been issued 3. A4 for 1 stock split involving the issue of 353,000 shares of $5 per value common stock for 06,250 shares of $20 per value common stock was recorded as a debt to retained Earrings $1,765,000 and a credit to Common Stock $1,765,000. Prepare the correcting entries at December 31. (Credit accountitles are automatically indented whe amount is entered. Do not indent manually. If no entry is required, select "No Fatry" for the account titles and enter for the amounts.) No Date Account Titles and Explanation Debit Credit 1 Dec 31 Cash Dividends Interest Expense 2 Dec 31 Dividends Payable - Stock Dividends 12,000 Common Stock Dividends Distributable Paid-in Capital in Excess of Par-Common Stock 12,000 3 Dec. 31 Common Stock Retained Earnings