Court Casuals has the following beginning balances in its stockholders' equity accounts on January 1, 2015: Common Stock, $100,000; Additional Paid-in Capital, $4,100,000; and Retained Earnings, $3,000,000. Net income for the year ended December 31, 2015, is $800,000. Court Casuals has the following transactions affecting stockholders' equity in 2015:

May	18		Issues 25,000 additional shares of $1 par value common stock for $40 per share.
May	31		Repurchases 5,000 shares of treasury stock for $45 per share.
July	1		Declares a cash dividend of $1 per share to all stockholders of record on July 15. Hint: Dividends are not paid on treasury stock.
July	31		Pays the cash dividend declared on July 1.
August	10		Reissues 2,500 shares of treasury stock purchased on May 31 for $48 per share.