On January 1, 2014, Geffrey Corporation had the following stockholders' equity accounts.

Common Stock ($24 par value,68,000 shares issued and outstanding)$1,632,000Paid-in Capital in Excess of ParCommon Stock206,500Retained Earnings574,700

During the year, the following transactions occurred.

Feb.1Declared a $2 cash dividend per share to stockholders of record on February 15, payable March 1.Mar.1Paid the dividend declared in February.Apr.1Announced a 2-for-1 stock split. Prior to the split, the market price per share was $39.July1Declared a13% stock dividend to stockholders of record on July 15, distributable July 31. On July 1, the market price of the stock was $14 per share. 31Issued the shares for the stock dividend.Dec.1Declared a $0.60 per share dividend to stockholders of record on December 15, payable January 5, 2015. 31Determined that net income for the year was $313,000.