View Policies Show Attemot History Current Attempt in Progress On January 1, 2022. Solish Brothers Inc. had the following stockholders equity accounts Common Stock ($20 par value, 65,000 shares issued and outstanding $1.300.000 209.000 Paid-in Capital in Excess of Par-Common Stock Retained Earning 613,000 During the year, the following transactions occurred Foto Mar 1 Ar. Declareda 51 cash dividend per share to stockholders of record on February 15, payable March Pald the dividend declared in February Announced a 2-for-1 stock split. Prior to the split, the market price per share was $39. 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 July 31 had the shares for the stock dividend. Dec 1 Declared a 300 por share dividend to stockholders of record on December 15. payable January 5, 2023 On January 1, 2022. Solish Brothers Inc, had the following stockholders equity accounts Common Stock ($20 par value, 65,000 shares issued and outstanding) $1,300.000 Paid-in Capital in Excess of Par-Common Stock 209.000 Retained Earnings 613.000 During the year, the following transactions occurred. Feb. 1 Mar 1 Apr 1 Declared a $1 cash dividend per share to stockholders of record on February 15, payable March 1 Paid the dividend declared in February Announced a 2-for-1 stock split. Prior to the split the market price per share was $39. Declared a 10% stock dividend to stockholders of record on July 15, distributable July 31. On July 1, the market pricedir the stock was $15 pershare. Issued the shares for the stock dividend. Declared a $0.40 per share dividend to stockholders of record on December 15, payable January 5, 2023 July 1 31 Dee 1 31 Determined that net income for the year was $365,000 ly1 Stock Dividends 195000 Pald-in Capital in Excess of Par Common Stock 65000 Common Stock Dividends Distributable 11000 31 Common Stock Dividends Distributable 130000 Common Stock 130000 Cash Dividends 52000 Dividends Payable 52000 Income Summary 365000 Retained Earning 365000 (Todose net income) 195000 Retained Earnings 195000 Stock Dividends