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On January 1, 2020, Cullumber Corporation had the following stockholders' equity accounts. Common Stock (no par value, 93,000 shares issued and outstanding) Retained Earnings $1,445,000
On January 1, 2020, Cullumber Corporation had the following stockholders' equity accounts. Common Stock (no par value, 93,000 shares issued and outstanding) Retained Earnings $1,445,000 481,000 During the year, the following transactions occurred. Feb. 1 Mar. 1 Apr. 1 July 1 31 Declared a $1 cash dividend per share to stockholders of record on February 15, payable March 1. Paid the dividend declared in February. Announced a 3-for-1 stock split. Prior to the split, the market price per share was $39. 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 $12 per share. Issued the shares for the stock dividend. Declared a $0.40 per share dividend to stockholders of record on December 15, payable January 5, 2021. Determined that net income for the year was $357,000. Dec. 1 31 Prepare the stockholders' equity section of the balance sheet at March 31. (Enter account name only and do not provide descriptive information. Round ans CULLUMBER CORPORATION Partial Balance Sheet $ $ SHOW LIST OF ACCOUNTS Prepare the stockholders' equity section of the balance sheet at June 30. (Enter a CULLUMBER CORPORATION Partial Balance Sheet > $ ta SHOW LIST OF ACCOUNTS Prepare the stockholders' equity section of the balance sheet at September 30. ( CULLUMBER CORPORATION Partial Balance Sheet Prepare the stockholders' equity section of the balance sheet at December 31, 2020. CULLUMBER CORPORATION Partial Balance Sheet $ $ Click if you would like to Show Work for this question: Onen Show Work
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