On December 31, 2024, Sunland Company had 1,360,000 shares of $5 par common stock issued and outstanding. At December 31, 2024, stockholders' equity had the amounts listed here. Common Stock $6,800,000 Additional Paid-in Capital 1,870,000 Retained Earnings 1,150,000 Transactions during 2025 and other information related to stockholders' equity accounts were as follows. 1. On January 10, issued at $105 per share 111,000 shares of $100 par value, 9% cumulative preferred stock. 2. On February 8, reacquired 14,100 shares of its common stock for $10 per share. 3. On May 9, declared the yearly cash dividend on preferred stock, payable June 10, to stockholders of record on May 31. 4. On June 8, declared a cash dividend of $1.80 per share on the common stock outstanding, payable on July 10 to stockholders of record on July 1. 5. Net income for 2025 was $3,695,000.