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
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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