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On January 1, 2020, Wildhorse Corporation had the following stockholders' equity accounts. $1.365.000 Common Stock (no par value, 94,000 shares issued and outstanding) Retained Earnings
On January 1, 2020, Wildhorse Corporation had the following stockholders' equity accounts. $1.365.000 Common Stock (no par value, 94,000 shares issued and outstanding) Retained Earnings 530,000 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 3-for-1 stock split Prior to the split, the market price per share was $37, July Declared a 6% stock dividend to stockholders of record on July 15, distributable July 31. On July 1, the market price of the cm 12 nar shara AV Apr. 1 July 1 31 Announced a 3-for-1 stock split. Prior to the split, the market price per share was $37 Declared a 6% 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 $0.50 per share dividend to stockholders of record on December 15, payable January 5, 2021 Determined that net income for the year was $310.000. Dec. 1 31 WILDHORSE CORPORATION Partial Balance Sheet $ $
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