On January 1, Culver Corporation had 62,800 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 17,550 additional shares of common stock for $11 per share. June 15 Declared a cash dividend of $1.60 per share to stockholders of record on June 30. July 10 Paid the $1.60 cash dividend. Dec. 1 Issued 7,800 additional shares of common stock for $12 per share. Dec, 15 Declared a cash dividend on outstanding shares of $2.00 per share to stockholders of record on December 31. Date Account Titles and Explanation Debit Credit eTextbook and Media List of Accounts