On January 1, 2022, Cullumber Corporation had the following stockholders' equity accounts. Common Stock ($26 par value, 58,500 shares issued and outstanding) Paid-in Capital in Excess of Par-Common Stock Retained Earnings $1,521,000 192,000 622,000 During the year, the following transactions occurred. Feb. 1 Mar. 1 Apr. 1 July 1 31 Dec. 1 31 Declared a $1 cash dividend per share to stockholders of record on February 15, payable Marc Paid the dividend declared in February. Announced a 2-for-1 stock split. Prior to the split, the market price per share was $38. Declared a 15% stock dividend to stockholders of record on July 15, distributable July 31. On Ju the stock was $14 per share. Issued the shares for the stock dividend. Declared a $0.40 per share dividend to stockholders of record on December 15, payable Januar Determined that net income for the year was $359,000. BO 1 ! @ 02 Q W #3 20 F3 APR 4 $ 4 888 F4 55 % Mac MacBook Air & 6 27 7 E R T Y F7