urrent Attempt in Progress On January 1, 2020, the Whispering Winds Corp. had $2,750,000 of $10 par value common stock outstanding that was issued at par and Retained Earnings of $1,540,000. The company issued 144,000 shares of common stock at $16 per share on July 1. On December 15, the board of directors declared a 10% stock dividend to stockholders of record on December 31, 2020, payable on January 15. 2021. The market value of Whispering Winds Corp. stock was $17 per share on December 15 and $17 per share on December 31. Net income for 2020 was $500.000.