Help with part C

Practice Problem 1 (Part Level Submission) On January 1, 2020, Sheridan Corporation had the following stockholders' equity accounts. Common Stock ($22 par value, 53,500 shares issued and outstanding) Pald-in Capital in Excess of Par-Common Stock Retained Earnings $1,177,000 191,000 631,000 During the year, the following transactions occurred. Feb. 1 Mar. 1 Apr. 1 July 1 Declared a $3 cash dividend per share to stockholders of record on February 15, payable March 1. Paid the dividend declared in February. Announced a 2-for-1 stock split. Prior to the split, the market price per share was $38. Declared a 10% stock dividend to stockholders of record on July 15, distributable July 31. On July 1, the market price of the stock was $15 per share. Issued the shares for the stock dividend. Declared a $0.30 per share dividend to stockholders of record on December 15, payable January 5, 2021. Determined that net income for the year was $367,500. 31 Dec. i 31 (c) Prepare a stockholders' equity section at December 31. (Enter account name only and do not provide descrip information.) SHERIDAN CORPORATION Balance Sheet (Partial) Click if you would like to Show Work for this question: Open Show Work