Beginning balances of $600 for Common Stock, $11,100 for Paid-In Capital in Excess of Par, and $21,700 for Retained Earnings. Reported net income of $41,700. Issued common stock, which increased common stock by $120 and increased the Paid-In Capital in Excess of Par by $4,580. Purchased $7,700 of treasury stock. Declared and paid $5,700 of cash dividends