On jan 1 2006 Snider co. had the folllowing stock holders euity accounts

common stock ( 10 par vaule 90000shares issued and outstanding) 90000
paid in capital in excess of par vaule 20000
retained earning 540000

jan 15 declared a 1 cash dividend per share to stockholders of record on Jan 31 payable feb 15
feb 15 paid dividends declared in jan
apr. 15 declared a 10% stock dividend to stockholders of record on april 30 distrbutable may 15 on apr 15 the market price of the stock wasc 15 per share
july 1 issued the shares for the stock dividend
dec 1 declared a .50 per share cash dividend to stockholders of record on dec 15 payable jan 15
dec 31 determined that net income for the year was 250000

journalize transactions and the closing enrty for the net income
enter the beginning balances and post the entries to the stockholders equity accounts
prepare a stockers equity section at dec 31