Please complete both parts & include a stockholder's equity section at December 31st. Thank You

Problem 14-01A a-c (Part Level Submission) (Video) On January 1, 2020, Sandhill Corporation had the following stockholders' equity accounts. Common Stock ($20 par value, 63,500 shares issued and outstanding) Paid-in Capital in Excess of Par-Common Stock Retained Earnings $1,270,000 197,000 564,000 During the year, the following transactions occurred. Feb. 1 Mar. 1 Apr. 1 July 1 31 Dec. 1 31 Declared a $2 cash dividend per share to stockholders of record on February 15, payable March 1. Paid the dividend declared in February. Announced a 2-for-1 stock split. Prior to the split, the market price per share was $38. Declared a 15% 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. Issued the shares for the stock dividend. Declared a $0.60 per share dividend to stockholders of record on December 15, payable January 5, 2021. Determined that net income for the year was $300,500. Date Account Titles and Explanation Debit Credit (To close net income) (To close stock dividends) (To close cash dividends) Debit Credit Balance Date Jan. 1 Explanation Ref. Balance 7 July 31 ) Common Stock Dividends Distributable Date Explanation Ref. Debit Credit Balance July 1 ) July 31 ) Pald-in Capital In Excess of Par-Common Stock Date Explanation Ref. Debit Jan. 1 Balance Credit Balance July 1 A Debit Credit Balance Retained Earnings Date Explanation Ref. Jan. 1 Balance Dec. 31 Net income Dec. 31 Stock dividend Dec. 31 Cash dividend Cash Dividends Date Explanation Ref. Debit Credit Balance Feb. 1 ) Dec. 19 Dec. 31 )