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Problem 4. The following is the stockholders equity section of Zion and Coat December 31, 2018 Common stock, Spar value, 1,000,000 shares issued outstanding Additional

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Problem 4. The following is the stockholders equity section of Zion and Coat December 31, 2018 Common stock, Spar value, 1,000,000 shares issued outstanding Additional pad-in-capital Common stock Retained Parnings 11-Dec 19 31-Dec-18 5.000.000 6,000,000 12,500,000 $23,500,000 The following transactions occurred in 2019: 1-Feb Declared a cash dividend of $ 50 per share to common shareholders of record on February 15th payable on March 1st 1-Mar Paid the dividend declared on February 1st 1-Apr Announced a 2 for 1 common stock split, the market price was $22 per share 1-Jul Declared a 10% common stock dividend, distributable July 31st, the market price was $25 per share 31-Jul Issued the shares for the stock dividend 1-Dec Declared a commn stock cash dividend of 25 per share of record on December 15th 31-Dec Net Income for the year was $4,450,000 Journalize the transactions. recommend you use T accounts to keep track, but you don't have to). B. Prepare the December 31, 2019 stockholders equity section above A

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