On January $1,2022,$ Larkspur, Inc, had the following storkholders' equity accounts.

Common Stock $($$$20$ par value, $59$ $$300$ shares issued and outstanding$)$

$$1,186,000$

Paidin Capital in Excess of Par$-$Common Stack

$204,000$

Retained Earnings

$821,000$

During the year, the following transactions occurred.

Feb. $1$ Declared a $$3$ cash dividend per share to stockholders of record on February $15,$ payable March $1.$

Mar. $1$ Paid the dividend declared in February.

Apr $1$ Announced a $2$ for$-1$ stock split. Prior to the split, the market price per share was $$39$

July $1$ Declared a $10\%$ stock dividend to stockholders of record on July $15,$ distributable July $31.$ On July $1,$ the market price of the stock was $$15$ per share.

$31$ Issued the shares for the stock dividend.

Dec $1$ Declared a $$030$ per share dividend to stockholders of record on December $15,$ payable January $5,2023.$

$31$ Determined that net income for the year was $$355,000$

$($a$)$

Vour answer is partially cortect.

Journalize the transactions and the closing entries for net income and dividends. $($Record journal entries in the order presented in the problem. Credit account titles are automatically indented when anount is entered. Do not indent manually. If no entry is required, select Wo Enty" for the account titles and enter Ofor the ornounts.$)$