On January 1, 2022. Swifty Corporation had the following stockholders' equity accounts Common Stock ($10 par value. 77.200 shares issued and outstanding) Paid-in Capital in Excess of Par-Common Stock Retained Earnings During the year, the following transactions occurred. $772,000 193,000 524,000 Jan. 15 Declared a $1 cash dividend per share to stockholders of record on January 31, payable February 15 Feb. 15 Apr. 15 Paid the dividend declared in January 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 $16 per share. May 15 Issued the shares for the stock dividend July 1 Dec. 1 Dec. 31 Announced a 2-for-1 stock split. The market price per share prior to the announcement was $14. (The new par value is $5) Declared a $0.50 per share cash dividend to stockholders of record on December 15, payable January 10, 2023. Determined that net income for the year was $270.000