contributed capitol common stock$5 par, 500,000 shares authorized 300,000 shares issued and outstanding $1,500,000 paid in capitol in excess of par $11,000,000 retained earnings $3,600,000 total stockholders equity $16,100,000 jan 31 reacquired 20,000 shares of common stock at $41 treasury stock recorded at cost apr.1 declared a 30% stock dividend all issued stock apr. 30 declared a .80 cash dividend only outstanding stock june 1 issued stock dividend and paid the cash dividend aug 31 sold all treasury stock