How can I get 260,000?? where is it from???

i thought that it would be 2,600,000.

would you please explan where is from that 260,000.

Thanks!

TKUDLEMI STATEMENT On January 1, 2017, Hayslett Corporation had the following shareholders' equity accounts. Common Stock ($10, 260,000 shares issued and outstanding) Contributed SurplusReacquisition of Shares Retained Earnings $2,600,000 1,500,000 3,200,000 2 of 24 TRUDLCNI STATEMENT During the year, the following transactions occurred. April 1 May ! June 1 Aug. 1 Declared a $1.50 cash dividend per share to stockholders of record on April 15, payable May I. Paid the dividend declared in April. Announced a 2-for-I stock split. Prior to the split, the market price per share was $24. Declared a 10% stock dividend to stockholders of record on August 15, distributable August 31. On August I, the market price of the stock was $10 per share. Issued the shares for the stock dividend. Declared a $1.50 per share dividend to stockholders of record on December 15, payable January 5, 2018. Determined that profit for the year was $600,000. 31 Dec. 1 31 ALILINU AIR. I IRANSACTION SOLUTION 1,2017, Hayalett Corporation had the following shareholders' equity actounts. mmon Stock (510,260,000 shares issued and outstanding) 52.600.000 entributed Surplus -Reacquisition of Shares 1,500,000 tained Earnings 3,200,000 action April 1 Declared a $1.50 cash dividend per share to se record on April 15, payable May 1 Credit Account Title Cash Dividends Dividends Payable DOO 'anati $1.50) 6 of 24