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Journalize the transactions and the closing entirs for ner income and dividends.

SOURCES Problem 11-04 - (Video) (Part Level Submission) On January 1, 2020, Whispering Winds Corp. had the following stockholders' equity accounts Common Stock (520 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. by Study s h are Feb. 1 Mar 1 Apr. July 1 31 Dec 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 spit, the market price per share was Declared a 15% stock dividend to stockholders of record on May 15, distribute July 31. On My 1the market price of the Tused the shares for the stock dividend Dedared a $0.60 per share dividend to stockholders of record on December 15, payable anuary 5, 2021 Determined that net income for the year was $300,500 y Journalue the transactions and the dosing entries for net income and dividends (Cretaceounties are ma ally indeed w a required weet "No try for the account titles and enter for the amount Bened journal entries in the order presented in the Date Account Titles and Explanation

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