On January 1, 2025, Wildhorse Corporation had the following stockholders' equity accounts. Common Stock ($10 par...

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On January 1, 2025, Wildhorse Corporation had the following stockholders' equity accounts. Common Stock ($10 par value, 50,000 shares issued and outstanding) $500,000 Paid-in Capital in Excess of Par-Common Stock Retained Earnings During 2025, the following transactions occurred. 497,000 627,000 Jan. 15 Declared and paid a $1.05 cash dividend per share to stockholders. Apr. 15 Declared and distributed a 10% stock dividend. The market price of the stock was $13 per share. May 15 Reacquired 2,100 common shares at a market price of $15 per share. Nov. 15 Dec. 31 Reissued 1,050 shares held in treasury at a price of $18 per share. Determined that net income for the year was $366,000. On January 1, 2025, Wildhorse Corporation had the following stockholders' equity accounts. Common Stock ($10 par value, 50,000 shares issued and outstanding) $500,000 Paid-in Capital in Excess of Par-Common Stock Retained Earnings During 2025, the following transactions occurred. 497,000 627,000 Jan. 15 Declared and paid a $1.05 cash dividend per share to stockholders. Apr. 15 Declared and distributed a 10% stock dividend. The market price of the stock was $13 per share. May 15 Reacquired 2,100 common shares at a market price of $15 per share. Nov. 15 Dec. 31 Reissued 1,050 shares held in treasury at a price of $18 per share. Determined that net income for the year was $366,000.

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