On December 31, 2023, Pharoah Corporation, a public compary, 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,$8; and on January 15,$7. 31 Determined that profit before income tax for the year was $443,000. The company has a 30% income tax rate. On December 31, 2023, Pharoah Corporation, a public compary, 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,$8; and on January 15,$7. 31 Determined that profit before income tax for the year was $443,000. The company has a 30% income tax rate