Nav-Go Enterprises Inc. produces aeronautical navigation equipment. Nav-Go Enterprises' stockholders equity accounts, with balances on January 1, 20Y1, are as follows:

Common Stock, $10 stated value (300,000 shares authorized, 200,000 shares issued)	$2,000,000
Paid-In Capital in Excess of Stated Value-Common Stock	400,000
Retained Earnings	4,540,000
Treasury Stock (20,000 shares, at cost)	280,000

The following selected transactions occurred during the year:

Jan. 15.	Paid cash dividends of $0.14 per share on the common stock. The dividend had been properly recorded when declared on December 1 of the preceding fiscal year for $25,200.
Mar. 15.	Sold all of the treasury stock for $17 per share.
Apr. 13.	Issued 40,000 shares of common stock for $640,000.
June 14.	Declared a 5% stock dividend on common stock, to be capitalized at the market price of the stock, which is $18 per share.
July 16.	Issued shares of stock for the stock dividend declared on June 14.
Oct. 30.	Purchased 13,000 shares of treasury stock for $19 per share.
Dec. 30.	Declared a $0.17-per-share dividend on common stock.
31.	Closed the two dividends accounts to Retained Earnings.