Major League Apparel has two classes of stock authorized: 4%, $10 par preferred, and $1 par value common. The following transactions affect stockholders equity during 2018, its first year of operations:

January 2 Issue 120,000 shares of common stock for $53 per share.

February 14 Issue 43,000 shares of preferred stock for $13 per share.

May 8 Repurchase 12,000 shares of its own common stock for $43 per share.

May 31 Reissue 6,000 shares of treasury stock for $48 per share.

December 1 Declare a cash dividend on its common stock of $0.40 per share and a $17,200 (4% of par value) cash dividend on its preferred stock payable to all stockholders of record on December 15. The dividend is payable on December 30. (Hint: Dividends are not paid on treasury stock.)

December 30 Pay the cash dividends declared on December 1.

I NEED HELP FIGURING OUT DECEMBER 1,15, and 30