On January 1, 2025, Pronghorn Corp. had these stockholders' equity accounts. Common Stock ($10 par value, 71,000 shares issued and outstanding) Paid-in Capital in Excess of Par Retained Earnings $710,000 486,000 660,000 During the year, the following transactions occurred. Jan. 15 Feb. 15 Declared a $0.50 cash dividend per share to stockholders of record on January 31, payable February 15. Paid the dividend declared in January. Apr. 15 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 $14 per share. May 15 Issued the shares for the stock dividend. Dec. 1 Dec. 31 Declared a $0.60 per share cash dividend to stockholders of record on December 15, payable January 10, 2026. Determined that net income for the year was $362,000.