please solve part C. the last picture only

CALCULATOR PRINTER VERSION BACK NEET Problem 14-01A 3-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 Pald the dividend declared in February Apr. 1 Announced a 2-for-1 stock spi. Prior to the split, the market price per share was $36. 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 $0.40 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 v (a) Your answer is correct. Journalize the transactions and the closing entries for net income and dividends. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts Record journal entries in the order presented in the problem.) Date Credit Debat Account Titles and Explanation CALCULATOR PRINTER VERSION 4 BACK NERTE Your answer is correct. Journalize the transactions and the closing entries for net income and dividends. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit Feb. 1 Cash Dividends 100000 Dividends Payable 100000 Mar. 1 Dividends Payable 100000 Cash 100000 Apr.1 No Entry No Entry July 1 150000 - Stock Dividends 130000 Common Stock Dividends Distributable 20000 Pald-in Capital in Excess of Par-Common Stock Version 4.24 inment LOTTO SUL DIVIUCHUS DISCOULOUTE JUUUU Paid-in Capital in Excess of Par-Common Stock 20000 July 31 Common Stock Dividends Distributable 130000 Common Stock 130000 Dec. 1 Cash Dividends 44000 Dividends Payable 44000 Dec. 31 Income Summary 393500 393500 Retained Earnings (To close net income) Dec. 31 Retained Earnings 150000 150000 Stock Dividends (To close stock dividends) Dec. 31 Retained Earnings 144000 Cash Dividends 144000 (To close cash dividends) CALCULATOR PRINTER VERSION BACK (b) Your answer is correct. 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.) Common Stock Date Explanation Ref Jan. 1 -Balance Debit Credit Balance 1300000 July 31 130000 1430000 Common Stock Dividends Distributable Date Explanation Ref Debit Credit Balance July 1 130000 130000 July 31 130000 Pald-in Capital In Excess of Par-Common Stock Date Explanation Ref Debit Credit Balance Jan. Balance 194000 July 1 20000 214000 RESOURCES work Video art Level Retained Earnings Date Explanation Ref Debit Credit Balance Jan. 1 Balance 619000 01 a Dec. 31 Net income 393500 1012500 3 a-b Dec. 31 Stock dividend 150000 862500 05 a-b ubmission) Dec. 31 Cash dividend 144000 718500 OZ (Video) D 1A a-d Cubmission Cash Dividends Date Explanation Ref Debit Credit Balance 34A (Video) Feb. 1 100000 100000 s by Study Dec. 1 44000 144000 Dec. 31 144000 Stock Dividends Date Explanation Ref Debit Credit Balance 150000 150000 July 1 Dec. 31 150000 Prepare a stockholders' equity section at December 31. (Enter account name only and do not provide descriptive information.) CRANE CORPORATION Balance Sheet (Partial) : Click if you would like to Show Work for this question: Open Show Work