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Hardaway Fixtures' balance sheet at December 3 1 , 2 0 2 3 , included the following: Shares issued and outstanding: Common stock, $ 1

Hardaway Fixtures' balance sheet at December 31,2023, included the following:
Shares issued and outstanding:
Common stock, $1 par $ 820,000
Nonconvertible preferred stock, $50 par 10,000
On July 21,2024, Hardaway issued a 25% stock dividend on its common stock. On December 12, it paid $10,000 cash dividends on the preferred stock. Net income for the year ended December 31,2024, was $2,200,000.

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