On January 1, 2014, Ven Corporation had the following stockholders’ equity accounts.

Common Stock (no par value, 90,000 shares issued and outstanding) ...$1,600,000

Retained Earnings ........................ 500,000

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 $36.

July 1 Declared a 5% stock dividend to stockholders of record on July 15, distributable July 31. On July 1, the market price of the stock was $16 per share.

31 Issued the shares for the stock dividend.

Dec. 1 Declared a $0.50 per share dividend to stockholders of record on December 15, payable January 5, 2015.

31 Determined that net income for the year was $350,000.

Instructions

Prepare the stockholders’ equity section of the balance sheet at

(a) March 31,

(b) June 30,

(c) September 30,

(d) December 31, 2014.\