Current Attempt in Progress On January 1, 2022, Monty Corp. had these stockholders' equity accounts. Common Stock ($10 par value, 69,500 shares issued and outstanding) Paid-in Capital in Excess of Par Value Retained Earnings $695,000 484,500 645,000 During the year, the following transactions occurred. Jan. 15 Feb. 15 Apr. 15 Declared a $0.70 cash dividend per share to stockholders of record on January 31, payable February 15. Paid the dividend declared in January Declared a 10% stock dividend to stockholders of record on April 30, distributable May 15. On April 15, the market price of the stock was $16 per share. Issued the shares for the stock dividend. Declared a $0.60 per share cash dividend to stockholders of record on December 15, payable January 10, 2023. Determined that net income for the year was $359,000. May 15 Dec. 1 Dec. 31 Enter the beginning balances and post the entries to the stockholders' equity T-accounts. (Post entries in the order of journal entries posted in the previous part. For accounts that have zero ending balance, the entry should be the balance date and zero for the amount.) Common Stock 1/1 Bal. 695000 5/15 69500 764500 12/31 Bal. Retained Earnings 1/1 Bal. 484500 4/15 41700 526200 12/31 Bal. Paid-in Capital in Excess of Par Value 111200 1/1 Bal. 12/31 645000 12/31 94520 12/31 359000 12/31 Bal. 798280 12/31 94520 12/31 359000 798280 12/31 Bal. Cash Dividends 1/15