On January 1, 2022. Blossom Corporation had the following stockholders' equity accounts. Common Stock ($26 par value. 55,500 shares issued and outstanding) $1,443,000 Paid-in Capital in Excess of Par-Common Stock Retained Earnings During the year, the following transactions occurred. 202,000 637,000 Feb. 1 Mar. 1 Declared a $3 cash dividend per share to stockholders of record on February 15, payable March 1. Paid the dividend declared in February. Apr. 1 July 1 31 Dec. 1 Announced a 2-for-1 stock split. Prior to the split, the market price per share was $35. Declared a 10% stock dividend to stockholders of record on July 15, distributable July 31. On July 1, the market price of the stock was $15 per share. Issued the shares for the stock dividend. Declared a $0.30 per share dividend to stockholders of record on December 15, payable January 5, 2023. 31 Determined that net income for the year was $361,500.