Exercise 11-13 On January 1, Concord Corporation had 90,000 shares of no-par common stock issued and outstanding. The stock has a stated value of $5 per share. During the year, the following occurred. Apr. 1 Issued 25,000 additional shares of common stock for $17 per share. June 15 Declared a cash dividend of $1 per share to stockholders of record on June 30. July 10 Pald the $1 cash dividend. Dec. 1 issued 2,500 additional shares of common stock for $20 per share. 15 Decared a cash dividend on outstanding shares of $2.10 per share to stockholders of record on December 31