A company reported $$450,000$ of net income for the year. It also declared a dividend of preferred stock for the same year in the amount of $$65,000.$ At the beginning of the year the company had $90,000$ shares of outstanding common stock. Two events changed the number of shares outstanding during the year.

April $30$ sold $60,000$ common stock

October $31$ purchased $36,000$ treasury stock.

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