At the Beginning of the year, Sunstone, Inc., has total stockholders' equity of $1,200,000 and 20,000 outstanding shares of a single class of capital stock. During the year, the corporation completes the following transactions affecting its stockholders' equity accounts:

Jan. 16 A 5 percent stock dividend is declared and distributed. (Market price, $100 per share.)

Feb. 9 The corporation acquires 300 shares of it own capital stock at a cost of $110 per share.

Mar. 3 All 300 shares of the treasury stock are reissued at a price of $130 per share.

Jul. 5 The capital stock is split 2-for-1

Nov. 22 The board of directors declares a cash dividend of $12 per share, payable on January 22.

Dec. 31 Net income of $174,000 is reported for the year ended December 31.

					Total	Number	Book Value
					Stockholders'	of Shares	per
					Equity	Outstanding	Share (rounded)
Beginning balance
Jan. 16	Declared and distributed 5% stock div.
	Balance
Feb. 9	Acquired 300 shares of treasury stock
	at cost of $110.00 per share
	Balance
Mar. 3	Reissued 300 shares of treasury stock
	at price of $130.00 per share
	Balance
Jul. 5	Capital stock split 2-for-1
	Balance
Nov. 22	Declared $12.00 per share cash dividend
	Balance
Dec. 31	Net income balance