As of December 31, 2018, Warner Corporation reported the following:

Dividends payable	$	25,000
Treasury stock		650,000
Paid-in capitalshare repurchase		25,000
Other paid-in capital accounts		4,500,000
Retained earnings		3,500,000

During 2019, half of the treasury stock was resold for $250,000; net income was $650,000; cash dividends declared were $1,550,000; and stock dividends declared were $550,000. The 2019 sale of half of the treasury stock would: