Why am I wrong?

On January 1, 2015, Primo Corporation had the following stockholders' equity accounts. Common Stock ($10 par value, 78,700 shares issued and outstanding) $787,000 Paid-in Capital in Excess of Par Value-Common Stock Retained Earnings 219,500 593,600 During the year, the following transactions occurred Jan. 15 Declared a $1.00 cash dividend per share to stockholders of record on January 31, payable February 15 Feb. 15 Paid the dividend declared in January Apr. 15 Declared a 5% stock dividend to stockholders of record on April 30, distributable May 15, On April 15, the market price of the stock was $16 per share May 15 Issued the shares for the stock dividend Duly 1 Announced a 2-for-1 stock split. The market price per share prior to the announcement was $13. (The new par value is $5.) Dec. 1 Declared a $0.40 per share cash dividend to stockholders of record on December 15, payable January 10, 2016 Dec. 31 Determined that net income for the year was $238,600