On January 1, 2017, Ven Corporation had the following stockholders' equity accounts. Common Stock (no par value, 93,850 shares issued and outstanding) Retained Earnings $1,450,000 476,000 During the year, the following transactions occurred Feb. Declared a $1 cash dividend per share to stockholders of record on February 15, payable 1 March 1. Mar. Paid the dividend declared in February. Apr: Announced a 3-for-1 stock split. Prior to the split, the market price per share was $38. July Declared a 5% stock dividend to stockholders of record on July 15, distributable July 31. On July 1, the market price of the stock was $10 per share. 31 Issued the shares for the stock dividend. 1 Dec. Declared a $0.50 per share dividend to stockholders of record on December 15, payable 1 January 5, 2018. Determined that net income for the year was $331,000. 31 (a) Prepare the stockholders' equity section of the balance sheet at March 31 VEN CORPORATION Partial Balance Sheet