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On January 1, 2022, Sandhill Corporation had the following stockholders' equity accounts. During the year, the following transactions occurred. Feb. 1 Declared a $3 cash
On January 1, 2022, Sandhill Corporation had the following stockholders' equity accounts. During the year, the following transactions occurred. Feb. 1 Declared a $3 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 stock split. Prior to the split, the market price per share was $38. July 1 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. 31 Issued the shares for the stock dividend. Dec. 1 Declared a $0.50 per share dividend to stockholders of record on December 15, payable January 5, 2023. 31 Determined that net income for the year was $318,500. aguly accourts a lowded. (Pest entries in the erder of joumal entries presented in the previous part) Comron Stadk Comron Stodk Bividends bletributhble Pald 5 Baplthil in Eroses of Par-Conmon Stoak Retrined Earnings Eslanoe Nat inoome Stodk dividend Carh dividend Cush Dlvidends Stouk Dheldend SANDHIU COPPOPATON Balance shect (Partial) whes a mount is entered. Do not indent marually. If no entry is required, select "No Entry" for the dceount titles and enter 0 for the
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