On January 1, 2022, Pina Colada Corp. had the following stockholders' equity accounts.

Common Stock ($10 par value, 80,500 shares issued and outstanding)		$805,000
Paid-in Capital in Excess of ParCommon Stock		211,000
Retained Earnings		548,000

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		Declared a 10% stock dividend to stockholders of record on April 30, distributable May 15. On April 15, the market price of the stock was $15 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 $5.)
Dec. 1		Declared a $0.50 per share cash dividend to stockholders of record on December 15, payable January 10, 2023.
Dec. 31		Determined that net income for the year was $245,000.

On January 1, 2022, Pina Colada Corp. had the following stockholders' equity accounts. Common Stock ($10 par value, 80,500 shares issued and outstanding) $805,000 Paid-in Capital in Excess of Par-Common Stock 211,000 Retained Earnings 548,000 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 Declared a 10% stock dividend to stockholders of record on April 30, distributable May 15. On April 15, the market price of the stock was $15 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 $5.) Dec. 1 Declared a $0.50 per share cash dividend to stockholders of record on December 15, payable January 10, 2023. Dec. 31 Determined that net income for the year was $245,000. Common Stock Date Explanation Ref. Debit Credit Balance Balance Paid-in Capital in Excess of Par-Common Stock Date Explanation Ref. Debit Credit Balance Balance Retained Earnings Date Explanation Ref. Debit Credit Balance Balance V Cash dividends Stock dividends Net income Cash Dividends Date Explanation Ref. Debit Credit Balance Stock Dividends Date Explanation Ref. Debit Credit Balance Common Stock Dividends Distributable Date Explanation Ref. Debit Credit Balance