Problem 11-8A On January 1, 2014, Everett Corporation had these stockholders equity accounts. Common Stock ($10par value,86,600shares issued and outstanding) | $866,000 | Paid-in Capital in Excess of Par Value | 508,300 | Retained Earnings | 612,800 | During the year, the following transactions occurred. Jan. 15 | Declared a $0.60cash dividend per share to stockholders of record on January 31, payable February 15. | Feb.15 | Paid the dividend declared in January. | Apr.15 | Declared a10% stock dividend to stockholders of record on April 30, distributable May 15. On April 15, the market price of the stock was $13per share. | May15 | Issued the shares for the stock dividend. | Dec.1 | Declared a $0.60per share cash dividend to stockholders of record on December 15, payable January 10, 2015. | Dec.31 | Determined that net income for the year was $427,800. | | | | |