I need the right numbers for the square in red thank you On January 1, 2022, Cullumber Corporation had the following stockholders' equity accounts.Common Stock ($24 par value, 59,000 shares issued and outstanding)Paid-in Capital in Excess of Par-Common StockRetained EarningsDuring the year, the following transactions occurred.Feb. 1Mar. 1Declared a $3 cash dividend per share to stockholders of record on February 15, payable March 1.Paid the dividend declared in February.Announced a 2-for-1 stock split. Prior to the split, the market price per share was $39.Declared a 15% stock dividend to stockholders of record on July 15, distributable July 31. On July 1, the market price of the stock was $14 per share.Issued the shares for the stock dividend.Dec. 1Declared a $0.60 per share dividend to stockholders of record on December 15, payable January 5, 2023.31 Determined that net income for the year was $332,500.Apr. 1July 1(a)31- Your answer is partially correct.$1,416,000P. image007.png197,000Purdue University....pdf559,000Journalize the transactions and the closing entries for net income and dividends. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry"Purdue University....pdfPurdue University....pdfPurdue University....pdfBilling Statement 0....pdf ^Billing Stateme July 31Dec. 1Dec. 31<Dec. 31Dec. 31Common Stock Dividends Distributableimage007.pngePaid-in Capital in Excess of Par-Common StockCommon Stock Dividends DistributableCommon StockCash DividendsDividends PayableIncome SummaryRetained Earnings(To close net income)Retained EarningsStock Dividends(To close stock dividends)Retained EarningsCash Dividends(To close cash dividends)Touthool and Media& Purdue University....pdf^Purdue University....pdf212,400849,600332,500247,800332,500A Purdue University....pdf212,40035,400212,400849,600332,500247,800332,5004Purdue University....pdff Billing Statement 0....pdfLBilling Statement 0....pdfA

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Answered: I need the right numbers for the square…

Business

Accounting

I need the right numbers for the square in red

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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