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On January 1, 2022, Windsor, Inc. had the following stockholders' equity accounts. Common Stock ($20 par value, 57,800 shares issued and outstanding) Paid-in Capital
On January 1, 2022, Windsor, Inc. had the following stockholders' equity accounts. Common Stock ($20 par value, 57,800 shares issued and outstanding) Paid-in Capital in Excess of Par-Common Stock Retained Earnings During the year, the following transactions occurred. $1,156,000 209,000 596,000 Feb. 1 Declared a $3 cash dividend per share to stockholders of record on February 15, payable March 1. Mar. 1 Apr. 1 July 1 31 Dec. 1 31 Paid the dividend declared in February. Announced a 2-for-1 stock split. Prior to the split, the market price per share was $36. 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. Issued the shares for the stock dividend. Declared a $0.40 per share dividend to stockholders of record on December 15, payable January 5, 2023. Determined that net income for the year was $310,000.
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