VERSION Problem 14-01A a-c (Video) On January 1, 2020, Crane Corporation had the following stockholders' equity accounts Common Stock ($20 par value, 66,500 shares $1,330,000 issued and outstanding) Paid-in Capital in Excess of 190,000 Par-Common Stock Retained Earings 579,000 During the year, the following transactions occurred Feb. Declared a $2 cash dividend per share to stockholders of record on February 15, payable March 1: 1 Mar Paid the dividend declared in February 1 Apr Announced a 2-for-1 stock split. Prior to the sple, the market price per share was $35. 1 July 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 $14 per share. 1 31 Issued the shares for the stock dividend. Dec. 1 Declared a $0,30 per share dividend to stockholders of record on December 15, payable January 5, 2021. 31 Determined that net income for the year was $390,000. Journalize the transactions and the closing entries for net income and dividends. (Credit account titles are automatically indented when amount is ente 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 presented in the problem.) Date Account Titles and Explanation Debit Credit > (To dos net income) (Todose stock dividends) (Todose cash dividends) SHOW LIST OF ACCOUNTS LINK TO TEXT LINK TO TEXT Enter the beginning balances, and post the entries to the stock