On January 1,2022 , Primo Corporation had the following stockholders' equity accounts. During the year, the following transactions occurred. Jan. 15 Declared a $1 cash dividend per share to stockholders of record on January 31, payable February 15. Feb. 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. July 1 Announced a 2-for-1 stock split. The market price per share prior to the announcement was $15. (The new par value is \$5.) Dec. 1 Declared a $0.60 per share cash dividend to stockholders of record on December 15 , payable January 10,2023. Dec. 31 Determined that net income for the year was $250,000