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Problem 14-01A a-c (Part Level Submission) (Video) On January 1, 2020, Wildhorse Corporation had the following stockholders' equity accounts. Common Stock ($22 par value, 54,000
Problem 14-01A a-c (Part Level Submission) (Video) On January 1, 2020, Wildhorse Corporation had the following stockholders' equity accounts. Common Stock ($22 par value, 54,000 shares issued and outstanding) $1,188,000 Pald-in Capital in Excess of Par-Common Stock 199,000 Retained Earnings 626,000 During the year, the following transactions occurred. Feb. 1 Declared a $3 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 2-for-1 stock split. Prior to the split, the market price per share was $35 July 1 Declared a 10% 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. 31 Issued the shares for the stock dividend. Dec. 1 Declared a $0.40 per share dividend to stockholders of record on December 15, payable January 5, 2021 31 Determined that net income for the year was $321,500. incline Prepare a stockholders' equity section at December 31. (Enter account name only and do not provide descriptive Information.) WILDHORSE CORPORATION Balance Sheet (Partial)
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