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On January 1 , 2 0 2 2 , Monty Corp. had the following stockholders' equity accounts. Common Stock ( $ 2 0 par value,

On January 1,2022, Monty Corp. had the following stockholders' equity accounts. Common Stock ($20 par value, 60,700 shares issued and outstanding) $1,214,000 Paid-in Capital in Excess of Par-Common Stock 203,000 Retained Earnings 569,000 During the year, the following transactions occurred. Feb. 1 Mar. 1 Declared a $1 cash dividend per share to stockholders of record on February 15, payable March 1. Paid the dividend declared in February. ADr. 1 Q Search Announced a 2-for-1 stock split. Prior to the split. the market price per share was $36.
Declared a 10% stock divider to stockholders of record on July 15, distributable July 31. On July 1, the market price of the stock was $14 per share. Issued the shares for the stock dividend. Dec. 1 Declared a $0.50 per share dividend to stockholders of record on December 15, payable January 5,2023.31 Determined that net income for the year was $310,000.
prepeare a sock holders equity section at december 31

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