Issuance of 750 shares of common stock, par value $1, for $5,000 Purchased 550 shares of common stock, par value $1, for $3,400 for the treasury Declaration of a cash dividend of $6,000 Declaration and payment of common stock dividend (10% dividend on $1 par value stock; 10,000 shares o/s Market value of share $15 2 for 1 stock split (10,000 shares of $1 par value outstanding)