On January 1, 2017, Quigley issued 1,200 shares of $20 par, 6% preferred stock for $26,400.
		On January 1, 2017, Quigley also issued 1,100 shares of common stock for $24,200.
		Quigley reacquired 310 shares of its common stock on July 1, 2017, for $47 per share.
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QUESTION: On December 31, 2017, Quigley declared the annual cash dividend on the preferred stock and a $1.40 per share dividend on the outstanding common stock, all payable on January 15, 2018.