Problem 11-4A (Part Level Submission) On January 1, 2019, Marigold Corp. had the following stockholders' equity accounts. Common Stock ($20 par value, 62,000 shares issued and outstanding) Paid-in Capital in Excess of Par- Common Stock Retained Earnings $1,240,000 191,000 636,000 During the year, the following transactions occurred. Feb. 1 Mar. 1 Apr. 1 July 1 Declared a $2 cash dividend per share to stockholders of record on February 15, payable March 1. Paid the dividend declared in February Announced a 2-for-1 stock split. Prior to the split, the market price per share was $35. Declared a 15% stock dividend to stockholders of record on July 15, distributable July 31. On July 1, the market price of the stock was $15 per share. Issued the shares for the stock dividend. Declared a $0.50 per share dividend to stockholders of record on December 15, payable January 5, 2020. 31 Dec. 1 31 Determined that net income for the year was $386,000