On January $1,2022,$ Cullumber Corporation had the following stockholders$$ equity accounts.

Common Stock $($no par value, $93,000$ shares issued and outstanding$)$ $$1,445,000$

Retained Earnings $481,000$

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 $$39.$

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 $$12$ per share.

$31$ Issued the shares for the stock dividend.

Dec. $1$ Declared a $$0\mathrm{.}40$ per share dividend to stockholders of record on December $15,$ payable January $5,2023.$

$31$ Determined that net income for the year was $$357,000$