On January 1, 2017, Getfex Corporation had the following stockholders' equity accounts Common Stock ($24 par value, 59,000 shares issued and outstanding) Paid-in Caoital in Excess of Par-Common Stock Retained Earnings $1,416,000 197.000 559,000 During the year, the following transactions occurred Declared a $3 cash dividend per share to stockholders of record on February 15, payable March 1 Feb. 1 Mar. 1 Paid the dividend declared in February. Apr Announced a 2-for-1 stock split. Prior to the split, the market price per share was $39. 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 Issued the shares for the stock dividend. Declared a $0.60 per share dividend to stockholders of record on December 15, payable January 5, 2018. Determined that net income for the year was $332,500. 31 Dec. 1 31