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

Common Stock $($ $$22$ par value, $54,000$ shares issued and outstanding$),$$$1,188,000$

Paid$-in$ Capital $in$ Excess $of$ Par$-$Common Stock $199,000$

Retained Earnings $626,000$

During the year, the following transactions occurred.

Feb. $1$ Declared a $$3$ 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 $2-$for$-1$ stock split. Prior to the split, the market price per share was $$35.$

July $1$ Declared a $10\%$ stock dividend to stockholders of record on July $15,$ distributable July $31.$ On July $1,$ the market price of the stock was $$15$ per share.

$31$ Issued the shares for the stock dividend.

Dec. $1$ Declared a $$0\mathrm{.}40$ per share dividend to stockholders of record on December $15,$ payable January $5,2023.$

$31$ Determined that net income for the year was $$321,500.$