Given the information below

Please complete beginning balance sheet & stockholders equity section below.

Thank you in advance!

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 stocl 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. Journalize the transactions and the closing entries for net income and dividends. (Credit account titles are automatically indented required, select "No Entry" for the account titles and enter O for the amounts. Record journal entries in the order presented in the problem. Dec. 1 Cash Dividends Dividends Payable Dec 31 Income Summary Retained Earnings (To close net income) Dec. 31 Retained Earnings Stock Dividends (To close stock dividends) Dec 31 Retained Earnings 107900 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 Stock Dividends \begin{tabular}{|r|c|c|c|} \hline Date Explanation Ref Debit & Credit & Balance \\ \hline= & & \\ \hline \end{tabular} SUNLAND CORPORATION Balance Sheet (Partial) $ $