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January 15: Declared a property dividend of 100,000 shares of Burak Company (book value $11.6 per share, fair value $9.80 per share). February 17: Distributed

image text in transcribed January 15: Declared a property dividend of 100,000 shares of Burak Company (book value $11.6 per share, fair value $9.80 per share). February 17: Distributed the property dividend. April 10: A 2-for-1 stock split was declared and distributed on outstanding common stock and effected in the form of a stock dividend. (Dolar chose to reduce Paid-in capital-excess of par.) The fair value of the stock was $4 on this date. July 18: Declared and distributed a 4% stock dividend on outstanding common stock. The fair value is $5 per share. December 1: Declared a 50 cents per share cash dividend on the outstanding common shares. December 20: Paid the cash dividend. Required: Without preparing journal entries, prepare the shareholders' equity section of Dolar's balance sheet as of December 31, 2024. Assume net income is $440,000 for 2024 . Note: Negative amounts should be entered with a minus sign

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