Problem 14-03A a-d (Part Level Submission) On January 1, 2020, Cullumber Corporation had the following stockholders' equity accounts. Common Stock (no par value, 93,000 shares issued and outstanding) Retained Earnings During the year, the following transactions occurred. $1,395,000 480,000 Feb. 1 Dedared a $1 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 3-for-1 stock split. Prior to the split, the market price per share was $38. July 1 Dedared a 5% stock dividend to stockholders of record on July 15, distributable July 31, on July 1, the market price 31 Dec. 1 31 of the stock was $10 per share. Issued the shares for the stock dividend. Declared a $o.40 per share dividend to stockholders of record on December 15, payable January 5, 2021 Determined that net income for the year was $347,000