Question: Question 3 of 3 < Current Attempt in Progress On January 1, 2025, Cheyenne Corp. had these stockholders' equity accounts. Common Stock ($10 par

Question 3 of 3 < Current Attempt in Progress On January 1, 2025, Cheyenne Corp. had these stockholders' equity accounts. Common Stock ($10 par value, 67,000 shares issued and outstanding) Paid-in Capital in Excess of Par Retained Earnings $670,000 482,000 620,000 During the year, the following transactions occurred. -/15 E Jan 15 Feb. 15 Declared a $0.50 cash dividend per share to stockholders of record on January 31. payable February 15. Paid the dividend declared in January. Apr. 15 Declared a 10% stock dividend to stockholders of record on April 30, distributable May 15. On April 15, the marketi price of the stock was $13 per share. May 15 Issued the shares for the stock dividend. Dec 1 Dec. 31 Declared a $0.50 per share cash dividend to stockholders of record on December 15, payable January 10, 2026. Determined that net income for the year was $354,000

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