On January 1, 2018, Marshall 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. On January 1, 2018, Marshall 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