On January 1, 2020, Cullumber Corporation had the following stockholders equity accounts.

Common Stock ($26 par value, 58,500 shares issued and outstanding)		$1,521,000
Paid-in Capital in Excess of ParCommon Stock		192,000
Retained Earnings		622,000

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 $38.
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, 2021.
31		Determined that net income for the year was $359,000.

Cash Dividends
Date	Explanation	Ref	Debit	Credit	Balance
Stock Dividends
Date	Explanation	Ref	Debit	Credit	Balance