Hello,I need these two questions answered within an hour. They are basic accounting questions. Please put

in a word document. Thank you. ATTACHMENT PREVIEW Download attachment1. Retained earnings at 1/1/1X was $90,000 and at 12/31/1X it was $210,000. During 201X, cashdividends of $50,000 were paid and a stock dividend of $40,000 was issued. Both dividends wereproperly charged to retained earnings. You are to provide the missing closing entry. Pleaseindicate DR (debit) or CR (credit) to the left of the account title, and place a comma between theaccount title and the amount of the adjustment.2.Presented below is certain informaTon pertaining toSunny Company.Assets, January 1$250,000Assets, December 31$240,000Liabilities, January 1$150,000Common stock, December 31$90,000Retained earnings, December 31$35,000Common stock sold during the year$10,000Dividends declared during the year$15,000Compute the net income for the year.

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