Question: I need help with completting this homework assignment. See details below Problem 11-8A On January 1, 2014, Everett Corporation had these stockholders equity accounts. Common

 I need help with completting this homework assignment. See details belowProblem

I need help with completting this homework assignment. See details below

Problem 11-8A On January 1, 2014, Everett Corporation had these stockholders equity accounts.

Common Stock ($10par value,82,400shares issued and outstanding)$824,000
Paid-in Capital in Excess of Par Value521,300
Retained Earnings617,300

During the year, the following transactions occurred.

Jan. 15Declared a $0.50cash dividend per share to stockholders of record on January 31, payable February 15.
Feb.15Paid the dividend declared in January.
Apr.15Declared a10% stock dividend to stockholders of record on April 30, distributable May 15. On April 15, the market price of the stock was $14per share.
May15Issued the shares for the stock dividend.
Dec.1Declared a $0.60per share cash dividend to stockholders of record on December 15, payable January 10, 2015.
Dec.31

Determined that net income for the year was $432,300.

11-8A On January 1, 2014, Everett Corporation had these stockholders equity accounts.

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