Marin Company reported the following amounts in the stockholders' equity section of its December 31, 2019, balance sheet. Preferred stock, 9%, $100 par (10,000 shares authorized, 1,800 shares issued) Common stock, $5 par (96,000 shares authorized, 19,200 shares issued) Additional paid-in capital Retained earnings Total $180,000 96,000 113,000 449,000 $838,000 During 2020, Marin took part in the following transactions concerning stockholders' equity. 1. Paid the annual 2019 $9 per share dividend on preferred stock and a $2 per share dividend on common stock. These dividends had been declared on December 31, 2019. 2. Purchased 1,800 shares of its own outstanding common stock for $42 per share. Marin uses the cost method. 3. Reissued 800 treasury shares for land valued at $34,500. 4. 5. Issued 460 shares of preferred stock at $104 per share. Declared a 10% stock dividend on the outstanding common stock when the stock is selling for $49 per share.