On January 1, 2022. Future Islands Carporation had 50,000 ghares of $1 par value common stock issued and outstanding. During the year, the following transactions occurred. Feb. 1 Issued 20,000 shares of common stock for $200,000 Apr 20 Declared a cash dividend of $2 per share to stockholders of record on June 15. Aug. 5 Paid the $2 cash dividend. Oct 18 Purchased 5,000 shares of Treasury Stock for $20 per share Dec: 20 Declared a cash dividend on outstanding shares of $2.20 per share to stockholders of record on Dec. 31. On January 1, 2022. Future Islands Carporation had 50,000 ghares of $1 par value common stock issued and outstanding. During the year, the following transactions occurred. Feb. 1 Issued 20,000 shares of common stock for $200,000 Apr 20 Declared a cash dividend of $2 per share to stockholders of record on June 15. Aug. 5 Paid the $2 cash dividend. Oct 18 Purchased 5,000 shares of Treasury Stock for $20 per share Dec: 20 Declared a cash dividend on outstanding shares of $2.20 per share to stockholders of record on Dec. 31