At the end of its last fiscal year, December 31, 2021, Sink Corporation had issued 360,000 shares of its $3 par value common stock, 310,000 shares of which were outstanding. A select list of fiscal year 2022 transactions of Sink Corporation are listed below: Date Transaction Description 3/1/22 Declared a $4/share cash dividend on the common stock for stockholders of record on 3/15/22, payable on 3/31/22. 3/31/22 Paid the cash dividend declared on 3/1/22. 4/18/22 Sold all its treasury stock for $27/share. Sink purchased the treasury stock for $19/share. Sink uses the cost method when accounting for treasury stock. 5/7/22 Issued 40,000 shares of common stock for $32/share. 6/30/22 Split the common stock 3 for 1. 7/26/22 Purchased 30,000 shares of its own common stock at $8 per share. 9/1/22 Declared a 10% stock dividend to stockholders of record on 9/15/22, issuable on 9/30/22. The market price of Sinks stock on 9/1/22 was $11/share. 9/30/22 Issued the certificates for the common stock dividend declared on 9/1/22.