On January 1, Cullumber Corporation had 94,000 shares of no-par common stock issued and outstanding. The stock has a stated value of $7 per share. During the year, the following occurred. Issued 23,000 additional shares of common stock for $19 per share. Apr. 1 June 15 Declared a cash dividend of $2 per share to stockholders of record on June 30. July 10 Paid the $2 cash dividend. Dec 1 Issued 1,000 additional shares of common stock for $19 per share. 15 Declared a cash dividend on outstanding shares of $1.80 per share to stockholders of record on December 31. (a) Prepare the entries to record these transactions. (If no entry is required, select "No entry" for the account titles and enter O for the amounts. Record journal entries in the order presented in the problem. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Oriole Corporation was organized on January 1, 2019. During its first year, the corporation issued 1,900 shares of $50 par value preferred stock and 101,000 shares of $10 par value common stock. At December 31, the company declared the following cash dividends: 2019, $5,550; 2020, $14,500; and 2021, $29,000. (a) Show the allocation of dividends to each class of stock, assuming the preferred stock dividend is 7% and noncumulative. Allocation to preferred stock $ Allocation to common stock $ 2019 $ $ 2020 2021 On January 1, 2020, Sandhill Corporation had $1,125,000 of common stock outstanding earnings of $750,000. The company issued 40,500 shares of common stock at par on July 1 and earned net income of $395,000 for the year. Journalize the declaration of a 15% stock dividend on December 10, 2020, for the following independent assumptions. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) a. Par value is $10, and market price is $18. b. Par value is $5, and market price is $20. No. Account Titles and Explanation a. Debit Credit On January 1, 2020, Crane Corporation had retained earnings of $553,000. During the year, Crane had the following selected transactions. 1. Declared cash dividends $133,000. 2. Corrected overstatement of 2019 net income because of inventory error $46,500. 3. Earned net income $351,500 4. Declared stock dividends $66,500. Determine the retained earnings balance at the end of the year. Retained earnings $