Question
On January 1,2022, wildhorse Corporation had the following stockholders' equity accounts. Common Stock (no par value, 94,000 shares issued and outstanding) quad$1,365,000 Retained Earnings 530,000
On January 1,2022, wildhorse Corporation had the following stockholders' equity accounts. Common Stock (no par value, 94,000 shares issued and outstanding) quad$1,365,000 Retained Earnings 530,000 During the year, the following transactions occurred. Feb. 1 Declared a $1 cash dividend per share to stockholders of record on February 15, payable March 1. Mar. 1 Paid the dividend declared in February. Apr. 1 Announced a 3 -for-1 stock split. Prior to the split, the market price per share was $37. July 1 Declared a 6% stock dividend to stockholders of record on July 15 , distributable July 31 . On July 1 , the market price of the stock was $12 per share. 31 Issued the shares for the stock dividend. On Dec 1, Declared $0.50. Per share dividend to stockholder's of record on December 15, payable January 5, 2023. Dec 31, Determined that the net income for the year was $310,000. Prepare the stockholders equity section of the balance sheet at March 31, June 30, September 30, Dec 31
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