During 2020, Flounder took part in the following transactions concerning stockholders' equity. 1. Paid the annual 2019$11 per share dividend on preferred stock and a $2 per share dividend on common stock. These dividends had been declared on December 31, 2019. 2. Purchased 1,800 shares of its own outstanding common stock for $43 per share. Flounder uses the cost method. 3. Reissued 800 treasury shares for land valued at $35,100. 4. Issued 540 shares of preferred stock at $107 per share. 5. Declared a 10% stock dividend on the outstanding common stock when the stock is selling for $46 per share. 6. Issued the stock dividend. 7. Declared the annual 2020$11 per share dividend on preferred stock and the $2 per share dividend on common stock. The dividends are payable in 2021