On January 1, 2020, Oriole Inc. had the following stockholders' equity balances.

Common Stock (485,000 shares issued)	$970,000
Paid-in Capital in Excess of Par-Common Stock	580,000
Common Stock Dividends Distributable	230,000
Retained Earnings	560,000

During 2020, the following transactions and events occurred.

1.		Issued 115,000 shares of $2 par value common stock as a result of 15% stock dividend declared on December 15, 2021.
2.		Issued 57,500 shares of common stock for cash at $4 per share.
3.		Purchased 22,000 shares of common stock for the treasury at $5 per share.
4.		Declared and paid a cash dividend of $112,000.
5.		Sold 8,000 shares of treasury stock for cash at $5 per share.
6.		Earned net income of $365,000.

Oriole Inc. Stockholders' Equity Statement For the Year Ending December 31, 2020 Paid-in Capital in Common Excess of Stock Common Par - Dividends Stock Common Stock Distributable $1970,000 $ 580,000 $230,000 Treasury Stock Retained Earnings $1560,000 Total 52340000 Balances, Jan. 1 Issued 115,000 share for stock dividend Issued 57,500 shares for cash 230,000 1115,000 115,000 230,000 Purchased 22,000 shares of treasury stock 110000 Declared cash dividend 110000 -112,000 110000 4365,000 Sold 8,000 shares of treasury stock -110000 Net income for year 365,000 Balances, Dec. 31 541315000 51695000 2823000 813000