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On January 1 , 2 0 2 4 , Dolar Incorporated had the following account balances in its shareholders' equity accounts. During 2 0 2

On January 1,2024, Dolar Incorporated had the following account balances in its shareholders' equity accounts.
During 2024, Dolar Incorporated had several transactions relating to common stock.
January 15: Declared a property dividend of 100,000 shares of Burak Company (book value $10.3 per share, fair value
$9.15 per share).
February 17: Distributed the property dividend.
April 10: A 2-for-1 stock split was declared and distributed on outstanding common stock and effected in the form of a
stock dividend. (Dolar chose to reduce Paid-in capital-excess of par.) The fair value of the stock was $4
on this date.
July 18: Declared and distributed a 3% stock dividend on outstanding common stock. The fair value is $5 per share.
December 1: Declared a 50 cents per share cash dividend on the outstanding common shares.
December 20: Paid the cash dividend.
Required:
Without preparing journal entries, prepare the shareholders' equity section of Dolar's balance sheet as of December 31,2024. Assume
net income is $530,000 for 2024.
Note: Negative amounts should be entered with a minus sign.
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