On January 1, 2018, Elkhardt Corporation had 83,000 common shares, recorded at $556,000, and retained earnings of $1,055,000. During the year, the following transactions occurred:

Apr.2 Issued 4,800 common shares at $20 per share.

June 15 Declared a cash dividend of $0.35 per share to common shareholders of record on June 30, payable on July 10.

Aug.21 Declared a 5% stock dividend to common shareholders of record on September 5, distributable on September 20. The shares were trading for $22 a share on August 21, $24 on September 5, and $26 on September 20.

Nov.1 Issued 2,900 common shares at $25 per share.

Dec.20 Declared a cash dividend of $0.40 per share to common shareholders of record on December 31, payable on January 10.

Record the above transactions for 2018.Closing entries are not required.

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