On January 1, 2020, Marigold Corp. had the following stockholders' equity accounts. During the year, the following transactions occurred. Feb. Declared a $2 cash dividend per share to stockholders of record on February 15, payable March 1. Mar: Paid the dividend declared in February. Apr. Announced a 2 -for-1 stock split. Prior to the split, the market price per share was $35. July Declared a15% stock dividend to stockholders of record on July 15 , distributable July 31 . On July 1 , the market price of 1 the stock was $15 per share. 31 Issued the shares for the stock dividend. Dec. 1 Declared a $0.50 per share dividend to stockholders of record on December 15 , payable January 5, 2021 . 31 Determined that net income for the year was $386,000. On January 1, 2020, Marigold Corp. had the following stockholders' equity accounts. During the year, the following transactions occurred. Feb. Declared a $2 cash dividend per share to stockholders of record on February 15, payable March 1. Mar: Paid the dividend declared in February. Apr. Announced a 2 -for-1 stock split. Prior to the split, the market price per share was $35. July Declared a15% stock dividend to stockholders of record on July 15 , distributable July 31 . On July 1 , the market price of 1 the stock was $15 per share. 31 Issued the shares for the stock dividend. Dec. 1 Declared a $0.50 per share dividend to stockholders of record on December 15 , payable January 5, 2021 . 31 Determined that net income for the year was $386,000