ORIOLEIN Statement of Changes in Sh Preferred Shares Common Shares Stock Dividend Distributable Balance, Jahnuary 1 Reacquired common shares Cash dividends-preferred Stock dividends-common Comprehensive income Balance, December 31 Oriole has a 35% income tax rate. During the following fiscal year ended December 31,2024 , the company had the following transactions and events: Feb. 1 Repurchased 10,000 common shares for $40,000. July 12 Announced a 2-for-1 preferred stock split. The market price of the preferred shares at the date of announcement was $150. Dec. 1 Declared the annual cash dividen Dec. 18 Declared a 5\% stock dividend to common shareholders of record at December 20, distributable on January 12. 2025. The fair value of the common shares was $10 per share. Dec. 31 Determined that for 2024, profit before income tax was $360,000 and other comprehensive income. net of income. tax expense of $39,900, was $74,100. Attempts: 0 of 3 used