On January 1, 2022, Swifty Corporation had the following stockholders' equity accounte During the year, the following transactions occurred. Jan 15 Declarad a 51 cash dividend per share to stockholders of record on January 31, payable February 15. Fab. 15 Paid the dividend declared in January. Apr. 15 Daclarada 10% stock dividend to stockholders of record on April 30, distributable May 15, On April 15, the markat prica of the stockwas $16 per share. May 15 Issusd the shares for the stockdividend. July 1 Announcad a 2-for-1 stock split. The markat price per share prior to the announcamentwas $14, SThe naw par valus is Dec 1 Declared a 50.50 par shars cash dividend to stockholders of racord on December 15, payable Jantary 10,2023. Dec. 31 Determined that nst income for the year was $270,000. Common Stock Date Explanation Ref. Deblt Credit Balance Balance Paid-in Capital in Excess of Par-Common Stock Balance Retained Earnings Date Explanation Ref. Debit Credit Balance Balance Cash dividends Stock dividends Net income