Accounts	Amount
Preferred Stock, ($100 par value, 5% noncumulative, 50,000 shares authorized, 10,500 shares issued and outstanding)	$1,050,000
Common Stock ($10 par value, 200,000 shares authorized, 110,000 shares issued and outstanding)	$1,100,000
Paid-in Capital in Excess of par, Common	150,000
Retained Earnings	700,000

The following events occurred during 2014 and were not recorded:

a. On January 1, Frick declared a 7% stock dividend on its common stock when the market value of the common stock was $16 per share. Stock dividends were distributed on January 31 to shareholders as of January 25.

b. On February 15, Frick reacquired 1,100 shares of common stock for $22 each.

c. On March 31, Frick reissued 250 shares of treasury stock for $25 each.

d. On July 1, Frick reissued 525 shares of treasury stock for $15.50 each.

e. On October 1, Frick declared full year dividends for preferred stock and $1.60 cash dividends for outstanding shares and paid shareholders on October 15.

f. One December 15, Frick split common stock 2 shares for 1.

g. Net Income for 2014 was $275,500.