On January 1, 2017, Geffrey Corporation had the following stockholders equity accounts.

On January 1, 2017, Geffrey Corporation had the following stockholders' equity accounts. Comm Assignment page r value, 61,000 shares issued and outstanding) $1,464,000 Paid-in vapruar in Excess of Pal r Common Stock 191,000 Retained Earnings 619,000 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 2-for-1 stock split. Prior to the split, the market price per share was $40 July 1 Declared a 15% 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. 31 Issued the shares for the stock dividend Dec. 1 Declared a $0.40 per share dividend to stockholders of record on December 15, payable January 5, 2018. 31 Determined that net income for the year was $365,500