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

Common Stock $($no par value, $94,000$ shares issued and outstanding$)$ $$1,405,000$

Retained Earnings

$455,000$

$7\mathrm{.}618=$

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 $$40.$

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 $$323,000.$Attempts: $3$ of $5$ used

$($d$)$

Your answer is partially correct.

Prepare the stockholders' equity section of the balance sheet at December $31,2022.($Enter account name only and do not provide

descriptive information.$)$

CULLUMBER CORPORATION

Partial Balance Sheet

December $31,2022$

Stockholders' Equity

Paid$-$in Capital

Common Stock

Retained Earnings

Total Stockholders' Equity

$

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List of Accounts