On January $1,2022,$ Sheridan Corporation had the following stockholders' equity accounts.

Common Stock $($no par value, $86,000$ shares issued and outstanding$)$

$$1,385,000$

Retained Earnings

$513,000$

During the year, the following transactions occurred.

Feb. $1$ Declared a $$1$ cash dividend per share to stockholders of record on February $15,$ payable March $1.$

Mar. $1$ Paid the dividend declared in February.

Apr. $1$ Announced a $3-$for$-1$ stock split. Prior to the split, the market price per share was $$37.$

July $1$ Declared a $6\%$ stock dividend to stockholders of record on July $15,$ distributable July $31.$ On July $1,$ the market price of

the stock was $$10$ per share.

$31$ Issued the shares for the stock dividend.

Dec. $1$ Declared a $$0\mathrm{.}50$ per share dividend to stockholders of record on December $15,$ payable January $5,2023.$

$31$ Determined that net income for the year was $$364,000.$

$($a$)$

$($b$)$

Prepare the stockholders' equity section of the balance sheet at June $30.($Enter account name only and do not provide descriptive

information.$)$

SHERIDAN CORPORATION

Partial Balance Sheet

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