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On January 1, 2022, Bridgeport Corp. had these stockholders' equity accounts Common Stock (510 par value, 66,500 shares issued and outstanding) $665,000 Paid-in Capital in Excess of Par Value 481.500 Retained Earnings 615.000 During the year, the following transactions occurred, Jan 15 Feb. 15 Apr. 15 Declared a $0,40 cash dividend per share to stockholders at 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 $0.50 per share cash dividend to stockholders of record on December 15 payable January 10, 2023, May 15 Dc 1 Dec. 31 Determined that net income for the year was $353.000, Date Account Titles and Explanation Debit Credit Jan. 15 Cash Dividends 26600 Common Stock Dividends Distributable 26600 Feb. 15 Common Stock Dividends Distributable 26600 Cash 26600 Apr. 15 Common Stock Dividends Distributable 106100 Common Stock Dividends Distributable 66506 Paid-in Capital in Excess of Par Value-Common Stock 39900 May 15 Stock Dividends 106400 Common Stock Dividends Distributable 106400 Dec. 1 Cash Dividends 36575 Common Stock Dividende Distributie Dec 31 Accumulated Other Comarchesive 353000 Betained Earnings oc (Todose net income (To close stock dividends) IN DE MAN To close cash dividends)