Instructions Selected transactions completed by ATV Discount Corporation during the current fiscal year are as follows: Jan. 5 Mar. 10 Apr. 30 Split the common stock 3 for 1 and reduced the par from $75 to $25 per share. After the split, there were 1,201,500 common shares outstanding. Purchased 40,200 shares of the corporation's own common stock at $27, recording the stock at cost. Declared semiannual dividends of $0.70 on 70,500 shares of preferred stock and $0.14 on the common stock to stockholders of record on May 15, payable on June 15. June 15 Paid the cash dividends. < Aug. 20 Sold 31,600 shares of treasury stock at $33, receiving cash. Oct. 15 Dec. 19 Declared semiannual dividends of $0.70 on the preferred stock and $0.14 on the common stock (before the stock dividend). In addition, a 2% common stock dividend was declared on the common stock outstanding. The fair market value of the common stock is estimated at $38. The dividend date of record is November 15 payable on December 19. Paid the cash dividends and issued the certificates for the common stock dividend.