$6,000,000 Preferred 2% Stock, $75 par (100,000 shares authorized, 80,000 shares issued) Paid-In Capital in Excess of Par-Preferred Stock Common Stock, $8 par (5,000,000 shares authorized, 3,000,000 shares issued) Paid-In Capital in Excess of ParCommon Stock Retained Earnings 420,000 24,000,000 1,850,000 115,400,000 During the year, the corporation completed a number of transactions affecting the stockholders' equity. They are summarized as follows: Jan. 5 Feb. 10 Mar. 19 Issued 400,000 shares of common stock at $11, receiving cash. Issued 5,000 shares of preferred 2% stock at $90. Purchased 150,000 shares of treasury common for $10 per share. Sold 80,000 shares of treasury common for $13 per share. Sold 20,000 shares of treasury common for $9 per share. Declared cash dividends of $1.50 per share on preferred stock and $0.06 per share on common stock. May 16 Aug 25 Dec. 6 31 Paid the cash dividends. $6,000,000 Preferred 2% Stock, $75 par (100,000 shares authorized, 80,000 shares issued) Paid-In Capital in Excess of Par-Preferred Stock Common Stock, $8 par (5,000,000 shares authorized, 3,000,000 shares issued) Paid-In Capital in Excess of ParCommon Stock Retained Earnings 420,000 24,000,000 1,850,000 115,400,000 During the year, the corporation completed a number of transactions affecting the stockholders' equity. They are summarized as follows: Jan. 5 Feb. 10 Mar. 19 Issued 400,000 shares of common stock at $11, receiving cash. Issued 5,000 shares of preferred 2% stock at $90. Purchased 150,000 shares of treasury common for $10 per share. Sold 80,000 shares of treasury common for $13 per share. Sold 20,000 shares of treasury common for $9 per share. Declared cash dividends of $1.50 per share on preferred stock and $0.06 per share on common stock. May 16 Aug 25 Dec. 6 31 Paid the cash dividends