On December 31, 2023, Oriole Corporation, a public company, had the following shareholders' equity accounts: Shareholders' equity Common shares (unlimited number of shares authorized, 86,000 issued) Retained earnings Total shareholders' equity During the year, the following transactions occurred: 4 15 Jan. July Dec. 1 ORIOLE CORPORATION Balance Sheet (partial) December 31, 2023 15 31 $1,187,000 560,000 $1,747,000 Declared a $1 per share cash dividend to shareholders of record on January 31, payable February 15. Announced a 2-for-1 stock split. The market price per share on the date of the announcement was $12. Declared a 10% stock dividend to shareholders of record on December 30, distributable on January 15. On December 15, the market price of each share was $6; on December 30, $9; and on January 15, $8. Determined that profit before income tax for the year was $411,000. The company has a 30% income tax rate.

On December 31,2023, Oriole Corporation, a public company, had the following shareholders' equity accounts: During the year, the following transactions occurred: Jan. 15 Declared a \$1 per share cash dividend to shareholders of record on January 31, payable February 15. July 1 Announced a 2 -for-1 stock split. The market price per share on the date of the announcement was $12. Dec. 15 Declared a 10\% stock dividend to shareholders of record on December 30, distributable on January 15. On December 15 , the market price of each share was $6; on December 30,$9; and on January 15, $8. 31 Determined that profit before income tax for the year was $411,000. The company has a 30% income tax rate