On January 1, 2021, Cato Corporation had 87,0 common shares, recorded at $625,000, and retained earnings of $1,032,000. During the year, the following transactions occ ired: Apr. 2. Issued 5,000 common shares $20 per share. June 15 Declared a cash dividend of $0.15 per share to common shareholders of record on June 30 , payable on lui y 10. Aug. 21 Declared a 5% stock dividend to common shareholders of record on September 5 , distributable on' 2 tember 20 . The shares were trading for $21 a share on August 21,$24 on September 5 , and $26 on Septemb. 20. Nov. 1 Issued 3,100 common shares at $25 per share. Dec 20 Declared a cash dividend of $0.20 per share to common shareholders of record on Decem in 31 , payable on January 10