During 2025 , the corporation had the following transactions and events pertaining to its stockholders' equity. Feb. 1 Issued 4,000 shares of common stock for $24,000. Mar. 20 Purchased 800 additional shares of common treasury stock at $7 per share. Oct. 1 Declared a 7\% cash dividend on preferred stock, payable November 1. Nov. 1 Paid the dividend declared on October 1. Dec. 1 Declared a $0.50 per share cash dividend to common stockholders of record on December 15, payable December 31 , Dec. 31 Determined that net income for the year was $225,000. Paid the dividend declared on December 1. During 2025 , the corporation had the following transactions and events pertaining to its stockholders' equity. Feb. 1 Issued 4,000 shares of common stock for $24,000. Mar. 20 Purchased 800 additional shares of common treasury stock at $7 per share. Oct. 1 Declared a 7\% cash dividend on preferred stock, payable November 1. Nov. 1 Paid the dividend declared on October 1. Dec. 1 Declared a $0.50 per share cash dividend to common stockholders of record on December 15, payable December 31 , Dec. 31 Determined that net income for the year was $225,000. Paid the dividend declared on December 1