On January 1, 2021, Crown Point Corporation had 75,000 common shares, recorded at $577,000, and retained earnings of $946,000. During the year, the following transactions occurred: Apr. 2 Issued 5,000 common shares at $20 per share. June 15 Aug. 21 Nov. 1 Dec. 20 Declared a cash dividend of $0.35 per share to common shareholders of record on June 30, payable on July 10. Declared a 5% stock dividend to common shareholders of record on September 5, distributable on September 20. The shares were trading for $23 a share on August 21, $24 on September 5, and $27 on September 20. Issued 2,900 common shares at $25 per share. Declared a cash dividend of $0.40 per share to common shareholders of record on December 31, payable on January 10.