On January 1, 2020, Pina Colada Corplad the following stockholders equity accounts Common Stock (524 par value, 59,000 shares issued and outstanding) 51.416,000 Paid-in Capital in Excess of Par-Common Stock Retained Earnings 559,000 197000 During the year, the following transactions occurred. Feb 1 Mar 1 Apr 1 July 1 31 Declared a $3 cash dividend per share to stockholders of record on February 15, payable March 1 Paid the dividend declared in February Announced a 2-for-1 stock split. Prior to the split the market price per share was 539 Declared a 15% stock dividend to stockholders of record on July 15. distribuitable July 31. On July 1, the market price of the stock was 514 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, 2021. Determined that net income for the year was $332,500. Dec 1 31