On January 1, Ayayai Corp. had63,200shares 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 Issued19,350additional shares of common stock for $12per share.

June 15 Declared a cash dividend of $1.55per share to stockholders of record on June 30.

July 10 Paid the $1.55cash dividend.

Dec. 1 Issued8,600additional shares of common stock for $11per share.

Dec. 15 Declared a cash dividend on outstanding shares of $1.65per share to stockholders of record on December 31.