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3 part question CALCULATOR M Problem 14-1A On January 1, 2017, Geffrey Corporation had the following stockholders' equity accounts. Common Stock ($22 par value, 53,500

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CALCULATOR M Problem 14-1A On January 1, 2017, Geffrey Corporation had the following stockholders' equity accounts. Common Stock ($22 par value, 53,500 shares issued and outstanding) $1,177,000 Paid-in Capital in Excess of Par-Common Stock 191,000 631,000 Retained Earnings During the year, the following transactions occurred. Feb. 1 Declared a $3 cash dividend per share to stockholders of record on February 15, payable March 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, dist ributable 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 so.30 per share dividend to stockholders of record on December 15, payable January 5, 2018 31 Determined that net income for the year was $367,500

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