Lemke Corporation produces and sells plano. The Stockholders' Equity accounts on January 1, 2017 are as follows: Common Stock, $10 par (100,000 shares authorized, 40,000 shares issued) PIC in Excess par-Common Stock Retained Earnings Treasury Stock (10,000 shares at cost) $400,000 200,000 900,000 The following transactions occurred during the year Declared a Cash Dividend of $0.80 per share on the Common Stock outstanding. Dividend will be paid on 2/16 1/16 2/16 Paid the Cash Dividend that was previously declared on 1716 3/19 Reissued 5,000 shares of the Treasury Stock at $25 per share. 4/13 Issued 15,000 shares of Common Stock for $30 per share 803 The directors declare a 2% stock dividend distributable on 9/13. The market value is $40 per share on this date 9/13 Distributed the Stock Dividend declared on 8/03 11/17 Reissued the remaining 5,000 shares of Treasury Stock for $18 per share. 12/30 Declared a Cash Dividend of $0.90 per share on the Common Stock outstanding. The dividend will be paid on 1/30. 12/31 Closed the $80,000 credit balance of the Income Summary account 12/31 Closed the dividends accounts