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The stockholders' equity of Kinney Company at December 31, 2021, is shown...

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Accounting

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The stockholders' equity of Kinney Company at December 31, 2021, is shown below: (1) 4,900 shares at $100 par value. (2) 63,000 shares at $5 par value. The following transactions, among others, occurred during 2022. Apr. 1 Declared and issued a 100\% stock dividend on all outstanding shares of common stock. The market value of the stock was $11 per share. Dec. 7 Declared and issued a 3\% stock dividend on all outstanding shares of common stock. The market value of the stock was $14 per share. Dec. 20 Declared and paid (1) the annual cash dividend on the preferred stock and (2) a cash dividend of 80 cents per common share. a. Prepare the journal entries for these transactions. b. Post the journal entries to the related T-accounts. b. Post the journal entries to the related T-accounts. Note: Enter your answers, in transaction order, in the first open field of the appropriate column in each account. c. Prepare a 2022 retained earnings reconciliation assuming that the company reports 2022 net income of $227,700. Note: Use negative signs with your answers, when appropriate

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