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On January 1, Blossom Corporation had 93,500 shares of no par common stock issued and outstanding. The stock has a stated value of $6 per

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On January 1, Blossom Corporation had 93,500 shares of no par common stock issued and outstanding. The stock has a stated value of $6 per share During the year, the following occurred. Apr. 1 June 15 July 10 Issued 20,000 additional shares of common stock for $16 per share Declared a cash dividend of $2 per share to stockholders of record on June 30. Paid the $2 cash dividend. Issued 3,000 additional shares of common stock for $18 per share Declared a cash dividend on outstanding shares of $1.00 per share to stockholders of record on December 31. Dec 1 15

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