Pasquali Corporation was incorporated on January 1, 20X4. The following equity-related transactions occurred during 20X4. Evaluate these activities and prepare a statement of stockholders' equity for the year ending December 31, 20X4.

Issued 4,000,000 shares of $1$\$1$ par value common stock at $3$\$3$ per share.

Declared and issued a 5% stock dividend (200,000 shares) at a time when the market value the stock was $6$\$6$ per share.

Reacquired 15,000 treasury shares at $5$\$5$ per share.

Declared and paid cash dividends of $100$\$100$,000.

Reported net income for the full year of $1$\$1$,500,000.