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On January 1,2022. Sandhill Corporation had the following stockholders' equity accounts. Common Stock...

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Accounting

On January 1,2022. Sandhill Corporation had the following stockholders' equity accounts.
Common Stock (no par value, 90,000 shares issued and outstanding) $1,365,000
Retained Earnings
452,000
During the year, the following transactions occurred.
Feb. 1 Declared a $1 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 3-for-1 stock split. Prior to the split, the market price per share was $39.
July 1 Declared a 6% stock dividend to stockholders of record on July 15, distributable July 31. On July 1, the market price of the stock was $10 per share.
31 Issued the shares for the stock dividend.
Dec1 Declared a $0.50 per share dividend to stockholders of record on December 15, payable January 5,2023.
31 Deterrined that net income for the year was $365,000 information!
SANDHILL CORPORATION
Partial Balanoe SheetC
image

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