Question: Answer, included is the list from the drop down bar. Problem 14-03A a-d (Part Level Submission) On January 1, 2020, Cullumber Corporation had the following

Answer, included is the list from the drop down bar.  Answer, included is the list from the drop down bar. Problem
14-03A a-d (Part Level Submission) On January 1, 2020, Cullumber Corporation had
the following stockholders' equity accounts. Common Stock (no par value, 93,000 shares

Problem 14-03A a-d (Part Level Submission) On January 1, 2020, Cullumber Corporation had the following stockholders' equity accounts. Common Stock (no par value, 93,000 shares issued and outstanding) Retained Earnings $1,395,000 480,000 During the year, the following transactions occurred Dedared a $1 cash dividend per share to stockholders of record on February 15, payable March 1. Paid the dividend declared in February. Announced a 3-for-1 stock split. Prior to the split, the market price per share was $38. Dedared a 5% 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. Issued the shares for the stock dividend. Declared a $o.40 per share dividend to stockholders of record on December 15, payable January 5, 2021 Determined that net income for the year was $347,000. Feb. 1 Mar. 1 Apr. 1 July 1 31 Dec. 1 31

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