On January 1, 2020, Crone Corporation had the following stockholders' equity accounts.

Common Stock ($26 par value, 56,500 shares issued and outstanding) $1,469,000
Paid-Capital in Excess of Par-Common Stock 200,000
Retained Earnings 611,00
During the year, the following transactions occurred.

Feb. 1 Declared a $2 cash dividend per share to stockholders et record on February 15, payable March 1.
Mar. 1 Paid the dividend declared in February.
Apr. 1 Announced a 2-for-1 stock split, Prior to the split, the market price per share was $38.
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 $0.30 per share dividend to stockholders of record on December 15, payable January 5, 2021.
31 Determined that net income for the year was $398,500.


Journalize the transactions and the dosing entries for net income and dividends.