On January 1, 2007, Mendez Corporation had the following stockholders' equity account balances:

Accumulated other comprehensive income $ 30,000

Additional paid-in capital on common stock 90,000

Common stock, $5 par (30,000 shares authorized) 75,000

Retained earnings 130,000

During 2007, the following events occurred in the order listed and were properly recorded:

a. The company issued 5,000 shares of common stock at $20 per share.

b. The company earned net income of $28,300.

c. The company paid a $1.30 per share dividend on its common stock.

d. The company experienced an unrealized decrease in the value of its investment in available-for-sale securities of $6,000.