On January 1, Ayayai Corp. had 63,200 shares of no-par common stock issued and outstanding. The stock has a stated value of $4 per share. During the year, the following transactions occurred. Apr. 1 Issued 19,350 additional shares of common stock for $12 per share. June 15 Declared a cash dividend of $1.55 per share to stockholders of record on June 30. July 10 Paid the $1.55 cash dividend. Dec. 1 Issued 8,600 additional shares of common stock for $11 per share. Dec. 15 Declared a cash dividend on outstanding shares of $1.65 per share to stockholders of record on December 31.