Problem 14-01A a-c (Part Level Submission) (Video) On January 1, 2020, Pharoah Corporation had the following stockholders' equity accounts. $1,612,000 203,000 569,000 Common Stock ($26 par value, 62,000 shares issued and outstanding) Paid-in Capital in Excess of Par-Common Stock Retained Earnings During the year, the following transactions occurred. Feb. 1 Declared a $2 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 $39. July 1 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 $14 per share. Issued the shares for the stock dividend. 31 Dec. 1 Declared a $0.60 per share dividend to stockholders of record on December 15, payable January 5 2021. 31 Determined that net income for the year was $327,000