On January 1, 2013 Frascom had the following account balances in its…

On January 1, 2013 Frascom had the following account balances in its shareholder’s equity accounts.
Common Stock, $1 par, 250,000 shares issued 250,000
Paid-in Capital –excess of par, common 500,000
Paid-in Capital- excess of par, preferred 100,000
Preferred Stock, $100 par, 10,000 shares outstanding 1,000,000
Retained Earning 2,000,000
Treasury Stock at cost, 5,000 shares. 25,000
During 2013, Frascom,Inc had several transactions relating to common stock.
January 15: Declared a property dividend of 100,000 shares of Slowdown Company (book value of $10 per share, market value $9 per share)
February 17: Distributed the property dividends.
April 10: A 2-for-1 stock split was declared and distributed on outstanding common stock and effected in the form of a stock dividend. The market value of the stock was $4 on this date.
July 18: Declared and distributed a 3% stock dividend on outstanding common stock. The market value is $5 per share.
December 1: Declared a 50 cents per share cash dividend on the outstanding common shares.

December 20: Paid the cash dividend.