On January 1, 2022, Pharoah Company had the following stockholders' equity accounts. During the year, the iollowing transactions occurred. Feb. 1 Declared a $1 cash dividend per share to stockholders of record on February 15, payable March 1. Mar. 1 Paid the dividend declared in February. Apr. 1 Announced a 2-for-1 istock split. Prior to the split, the market price per share was 537 . July 1 Declared a 10% stock dividend to stockholdersnt record on July 15. distributable July 31. On July 1, the market price of the stock was $14 per share 31 Issued the shares for the stock dividend. Dec. 1 Dedared a s0.30 per share dividend to stockholders of record an December 15, payable january 5, 2023 31. Determined that net income for the year was $375,000 Common Stock Retained Earnings Feb. 1 58700 Jan,183 Dec. 1 Dec 31Bal: Paid-in Capital in Excess of Par-Common Stock Common Stock Dividends Distributable Cash Dividends stock Dividends Dorimanio: 164360 On January 1, 2022, Pharoah Company had the following stockholders' equity accounts. During the year, the iollowing transactions occurred. Feb. 1 Declared a $1 cash dividend per share to stockholders of record on February 15, payable March 1. Mar. 1 Paid the dividend declared in February. Apr. 1 Announced a 2-for-1 istock split. Prior to the split, the market price per share was 537 . July 1 Declared a 10% stock dividend to stockholdersnt record on July 15. distributable July 31. On July 1, the market price of the stock was $14 per share 31 Issued the shares for the stock dividend. Dec. 1 Dedared a s0.30 per share dividend to stockholders of record an December 15, payable january 5, 2023 31. Determined that net income for the year was $375,000 Common Stock Retained Earnings Feb. 1 58700 Jan,183 Dec. 1 Dec 31Bal: Paid-in Capital in Excess of Par-Common Stock Common Stock Dividends Distributable Cash Dividends stock Dividends Dorimanio: 164360