=+June 9. Paid the cash dividends.

Oct. 10. Declared semiannual dividends of $1.50 on the preferred stock and $0.04 on the common stock (before the stock dividend). In addition, a 2% common stock dividend was declared on the common stock outstanding. The fair market value of the common stock is estimated at $36.

Dec. 9. Paid the cash dividends and issued the certificates for the common stock dividend.