Burns Corporation is authorized to issue 25,000 shares pf $10 par value common stock. During 2015, Burn's first year of operations, the company has the following stock transaction: Jan 15 Issued 20,000 shares of stock at $15 per share. July 5 Purchased 1,000 shares of its own $10 per value common stock for $25 per share. July 10 Declared a dividend of $ 50 per share. The dividend is to be paid on August 1 to all share holders of record on July 26