Instructions $3,755,000 165,220 Preferred 1% Stock, $50 par (100,000 shares authorized, 75,100 shares issued) Paid-In Capital in Excess of Par-Preferred Stock Common Stock, $3 par (5,000,000 shares authorized, 2,020,000 shares issued) Paid-In Capital in Excess of ParCommon Stock Retained Earnings 6,060,000 1,212,000 35,446,000 During the year, the corporation completed a number of transactions affecting the stockholders' equity. They are summarized as follows: Jan. 5 Feb 10 Mar. 19 Issued 519,600 shares of common stock at $8, receiving cash. Issued 10,800 shares of preferred 1% stock at $61. Purchased 46,400 shares of treasury stock for $8 per share Sold 20,800 shares of treasury stock for $10 per share Sold 5,600 shares of treasury stock for $7 per share Declared cash dividends of $0.50 per share on preferred stock and SO 10 per share on common stock. May 16 Aug 25 Dec 6 31 Paid the cash dividends