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On January 1, 2022, Blossom Company had the following stackholders' equity accounts. During the year, the following transactions occurred. Jan. 15 Declared a $1 cash
On January 1, 2022, Blossom Company had the following stackholders' equity accounts. During the year, the following transactions occurred. Jan. 15 Declared a \$1 cash dividend per share to stackholders of record on January 31, payable February 15. Feb. 15 Paid the dividend declared in January. Apr. 15 Declared a 10\% stack dividend to stackhalders of record on April 20, distributable May 15. On April 15, the market price of the stock was $16 per share. May 15 Issued the shares for the stock dividend. July 1 Announced a 2-for-1 stock split. The market price per share prior to the announcement was $15. (The new par value is \$6.1 Dec. 1 Declared a $0.70 per share cash dividend to stackholders of record on December 15, payable January 10, 2023. Dec. 31 Determined that net income for the year was $250,000 (a) (b). (c) Prepare a stockholders' equity section at December 31, 2022. (Enter the account name only and do not provide the descriptive information provided in the question.)
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