American Laser, Inc., reported the following account balances on January 1, 2013.

Accounts Receivable	$	14,800
Accumulated Depreciation		28,000
Additional Paid-in Capital		88,000
Allowance for Doubtful Accounts		1,800
Bonds Payable		0
Buildings		100,000
Common Stock, 10,000 shares of $1 par		10,000
Notes Payable (due 2016)		10,000
Retained Earnings		118,000
Treasury Stock		0

The company entered into the following transactions during 2013.

Jan. 15	Issued 4,800 shares of $1 par common stock for $48,000 cash.
Feb. 15	Reacquired 2,800 shares of $1 par common stock into treasury for $30,800 cash.
Mar. 15	Reissued 1,800 shares of treasury stock for $21,600 cash.
Aug. 15	Reissued 580 shares of treasury stock for $4,640 cash.
Sept. 15	Declared (but did not yet pay) a $1 cash dividend on each outstanding share of common stock.
Oct. 1	Issued 100, 10-year, $1,400 bonds, at a quoted bond price of 101.
Oct. 3	Wrote off a $480 balance due from a customer who went bankrupt.
Dec. 31	Recorded $10,000 depreciation on the building.