On January 1, 2022, Pharoah Company had the following stockholders' equity accounts. During the year, the following transactions occurred. Jan. 15 Declared a $1 cash dividend per share to stockholders of record on January 31 , payable February 15. Feb. 15 Paid the dividend declared in January. Apr. 15 Declareda 5\%stock dividend to stockholders of record on April 30, 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 Anhounced a 2.for-1 stock split. The market price per share prior to the announcement was $14. (The new par value is \$6.) Dec. 1 Declareda $0.40 per share cash dividend to stockholders of record on December 15, payable Jamuary 10,2023. Dec. 31 Determined that net income for the yeat was $220.000