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Problem 14-01A a-c (Part Level Submission) (Video) On January 1, 2020, Crane Corporation had the following stockholders' equity accounts Common Stock ($26 par value, 50,000 shares issued and outstanding) $1,300,000 Paid-in Capital in Excess of Par-Common Stock 194,000 Retained Earnings 619,000 During the year, the following transactions occurred, Feb. 1 Declared a $2 cash dividend per share to stockholders of record on February 15, payable March 1. Mar. 1 Paid the dividend dedared in February Apr. 1 Announced a 2-for-stock split. Prior to the split, the market price per share was $36. Daly 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 - 31 Issued the shares for the stock dividend. Dec. 1 Declared a $6.40 per share dividend to stockholders of record on December 15, payable January 5, 2021. 31 Determined that net income for the year was $393,500. $15 per share (a) Your answer is partially correct. Try again. hearts and the closing entries for et income and dividends. Credit countes are u nder inden "No Entry for the account titles and enter for the amounts Record jour presented in the problem, Date Feb. 1 Account Titles and Explanation Cash Dividends Dividends Payable Mar 23 Dividends Payable Cash Apre try y! stry Stock Dividends Common Stock Dividends Distrbutable MacBc. JOOOOOGOOD WOROTUNO Mar. 1 Dividends Payable No Entry July 1 Stock Dividends - Common Stock Dividends Distributable Pad-in Capital incess of Per-Commons common Stock Dividends Distributable May 31 Common Stock - Dec. 1 ocas Dividends Dividends Payable Dec. 318 cone Summary Retained Earnings To desene income) Dec 31 Retained Earnings Stock Dividends (to close stock dividende) 320 Retained Earnings Cash Dividends To cose cash vided) Click if you would keto Show Work for this question s MacBc