On January 1, 2022, Oriole Corporation had the following stockholders equity accounts.

Common Stock ($26 par value, 50,000 shares issued and outstanding)		$1,300,000
Paid-in Capital in Excess of ParCommon Stock		199,000
Retained Earnings		558,000

During the year, the following transactions occurred.

Feb. 1		Declared a $2 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 2-for-1 stock split. Prior to the split, the market price per share was $37.
July 1		Declared a 15% stock dividend to stockholders of record on July 15, distributable July 31. On July 1, the market price of the stock was $14 per share.
31		Issued the shares for the stock dividend.
Dec. 1		Declared a $0.30 per share dividend to stockholders of record on December 15, payable January 5, 2023.
31		Determined that net income for the year was $344,000.

Enter the beginning balances, and post the entries to the stockholders' equity accounts. (Note: Open additional stockholders' equity accounts as needed.) (Post entries in the order of journal entries presented in the previous part.) Common Stock Date Explanation Ref Debit Credit Balance Balance July 1 Common Stock Dividends Distributable Date Explanation Ref Debit Credit Balance July 1 210000 195000 Paid-in Capital in Excess of Par-Common Stock Date Explanation Ref Debit Credit Balance July 31 Balance Retained Earnings Date Explanation Ref Debit Credit Balance Balance > Net income Stock dividend Cash dividend Cash Dividends Explanation Date Ref Debit Credit Balance