Court Casuals has the following beginning balances in its stockholders' equity accounts on January 1, 2015: Common Stock, $90,000; Additional Paid-in Capital, $4,200,000; and Retained Earnings, $2,000,000. Net income for the year ended December 31, 2015, is $700,000. Court Casuals has the following transactions affecting stockholders' equity in 2015

May	18		Issues 21,000 additional shares of $1 par value common stock for $40 per share.
May	31		Repurchases 4,000 shares of treasury stock for $40 per share.
July	1		Declares a cash dividend of $3 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 2,250 shares of treasury stock purchased on May 31 for $53 per share

COURT CASUALS
Statement of Stockholders' Equity
For the Year Ended December 31, 2015
	Common Stock	Additional Paid-in Capital	Retained Earnings	Treasury Stock	Total Stockholders' Equity
Balance, January 1	90,000	4,200,000	2,000,000		6,290,000
Issued common stock
Repurchase of treasury stock
Cash dividends
Sale of treasury stock
Net income
Balance, December 31			2,000,000