Exercise 15-18 (Part Level Submission)

IvanhoeCompany reported the following amounts in the stockholders' equity section of its December 31, 2016, balance sheet.

Preferred stock,9%, $100par (10,000 shares authorized,1,900shares issued)

$190,000

Common stock, $5par (108,500shares authorized,21,700shares issued)

108,500

Additional paid-in capital

116,000

Retained earnings

424,000

Total

$838,500

During 2017, Ivanhoe took part in the following transactions concerning stockholders' equity.

1.

Paid the annual 2016 $9per share dividend on preferred stock and a $2per share dividend on common stock. These dividends had been declared on December 31, 2016.

2.

Purchased1,600shares of its own outstanding common stock for $39per share. Ivanhoe uses the cost method.

3.

Reissued800treasury shares for land valued at $31,600.

4.

Issued460shares of preferred stock at $103per share.

5.

Declared a10% stock dividend on the outstanding common stock when the stock is selling for $42per share.

I would like the answer for 3.4. and 5.