On January 1, 2020, Sheridan Corporation had 96,000 shares of no-par common stock issued. 6,000 shares are held as treasury stock. The stock has a stated value of $5 per share. During the year, the following occurred. Apr. 1 Issued 11,000 additional shares of common stock for $20 per share. June 15 Declared a cash dividend of $2 per share to stockholders of record on June 30. July 10 Paid the $2 cash dividend. Dec. 1 Purchased 2,100 additional shares of common stock for $19 per share. Dec. 15 Declared a cash dividend on outstanding shares of $1.30 per share to stockholders of record on December 31.