During 2024, the following transactions occurred. I. February 1, Leway's resold the 3,000 treasury shares at $ 80 each. II. May 20: Leway's bought back 450 common shares for $96 each and retired them. III. December 1: the board of directors declared cash dividends of $ 550,000 payable on January 2, 2025. (There were no dividends in arrears). IV. December 31: Other Comprehensive Income for the year ended December 31, 2024 was $55,000 V. December 31: Net Income for the year ended December 31, 2024 was $1,150,000