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On January 1, 2022, Larkspur, Inc. had the following stockholders' equity accounts. $1,186,000 Common Stock ($20 par value, 59,300 shares issued and outstanding) Paid-in Capital in Excess of Par-Common Stock Retained Earnings 204,000 621,000 During the year, the following transactions occurred. Feb. 1 Mar. 1 Apr. 1 July 1 Declared a $3 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 $39. 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. Issued the shares for the stock dividend. Declared a $0.30 per share dividend to stockholders of record on December 15, payable January 5, 2023. Determined that net income for the year was $355,000 31 Dec. 1 31 (b) Enter the beginning balances, and post the entries to the stockholders' equity accounts. (Use T-accounts.) (Note:Open additional stockholders'equity accounts as needed.) (Post entries in the order of journal entries presented in the previous part. Select the date for closing balances even in case of zero balance.) Common Stock 1186000 Jan 1 Bal 59300 July 31 1245300 Dec 31 Bal Retained Earnings Dec. 31 V Dec 31 V Dec 31 v Dec. 31 Dec 31 Bal Paid-in Capital in Excess of Par-Common Stock Jan 1 July 1 Common Stock Dividends Distributable Suly 1 July 31 Cash Dividends F Der al Dec 1186000 Jan 13 V 59300 July 31 Dec 31 Bal 1245300 Retained Earnings Dec 31 Dec. 31 Dec. 31 Dec 31 Dec 31 Bal v Pald-in Capital in Excess of Par-Common Stock Jan 1 Ball July 1 Common Stock Dividends Distributable July 31 July 1 Cash Dividends Feb. Dec 31 Dec. 1 Stock Dividends tra D31 Dec

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