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On January 1, 2022, Windsor, Inc. had the following stockholders' equity accounts. Common Stock ($14 par value, 80,700 shares issued and outstanding) Paid-in Capital
On January 1, 2022, Windsor, Inc. had the following stockholders' equity accounts. Common Stock ($14 par value, 80,700 shares issued and outstanding) Paid-in Capital in Excess of Par-Common Stock Retained Earnings During the year, the following transactions occurred. $1,129,800 205,000 563,000 Jan. 15 Feb. 15 Declared a $1 cash dividend per share to stockholders of record on January 31. payable February 15. Paid the dividend declared in January. Apr. 15 May 15 July 1 Dec. 1 Dec. 31 Declared a 5% 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. Issued the shares for the stock dividend. Announced a 2-for-1 stock split. The market price per share prior to the announcement was $14. (The new par value is $7.) Declared a $0.40 per share cash dividend to stockholders of record on December 15, payable January 10, 2023. Determined that net income for the year was $290,000.
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