On January 1, 2021, Dynatech Corporation, a publicly traded company, had the following shareholders' equity accounts: Common shares (unlimited number of shares authorized, 57,200 shares issued) $2,288,000 Retained earnings Accumulated other comprehensive income 1,476,800 70,720 During the year, the following transactions occurred: Jan. 15 Apr. 16 Declared a $1.25 per share cash dividend to shareholders of record on January 31, payable February 15. Declared a 10% stock dividend to shareholders of record on April 30, distributable May 15. On April 16, April 30, and May 15, the share prices were $12, $11.80, and $11.90, respectively. Effected a 2-for-1 stock split. On October 1, the share price was $15. Oct. 1 Dec. 31 Determined that net income for the year was $653,120.