On January 1, 2025, Cullumber Corporation had 82,200 shares of $1 par value common stock issued and outstanding. During the year, the following transactions occurred: Mar. 1 Issued 97,200 shares of common stock for $729,000. June 1 Declared a cash dividend of $2 per share to stockholders of record on June 15. June 30 Paid the $2 cash dividend. Dec. 1 Purchased 5,400 shares of common stock for the treasury for $18 per share. Dec. 15 Declared a cash dividend on outstanding shares of $2.50 per share to stockholders of record on December 31. Net income for 2025 totaled $1,005,000.