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On January 1,2025, Flounder Corp, had these stockholders equity accounts. During the vear, the following transwctions occurred. San. 15 Declared a $0.60 cahhdividend per share

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On January 1,2025, Flounder Corp, had these stockholders equity accounts. During the vear, the following transwctions occurred. San. 15 Declared a $0.60 cahhdividend per share to stockholders of record on January 31 payable February 15. Feb. 15 Paid the dividend declared in January Apr: 15 Deciared a 10kstock dividend to stockholders of record on Apri 30, distributable May 15. On April 15, the markek price of the stock was $12 per share. Mar 15 issued the shares for the stock dividend. Dec. 1 Declared a 50.70 per share cash dividend to stockbolders of record on December 15 , axable Jaruary 10.2026 . Dec 31 Deterinined that net income for the year was $355,000. (3) Jout nalize the transactions Ginckde emries to chose net income and oividends to Retained Earnirgs) (Record eatries in the arder ilisployed in the problem statement. Credit account titley are automatically indented when amount is entered

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