On January $1,2022,$ Sandhill Corporation had the following stockholders' equity accounts.

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 $$38.$

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 $$0\mathrm{.}50$ per share dividend to stockholders of record on December $15,$ payable January $5,2023.$

$31$ Determined that net income for the year was $$318,500.$

JOURNALIZE THE TRANSACTIONS AND THE CLOSING ENTRIES FOR NET INCOME AND DIVIDENDS, ENTER THE BEGINNING BALANCES AND POST ENTRIES TO THE STOCKHOLDERS EQUITY ACCOUNTS, PREPARE A STOCKHOLDERS EQUITY SECTION AT DECEMBER $31$