On January 1, Guillen Corporation had95,000shares of no-par common stock issued and outstanding. The stock has a stated value of $5per share. During the year, the following occurred.

Apr.1 Issued25,000 additional shares of common stock for $17 per share.

June 15 Declared a cash dividend of $1 per share to stockholders of record on June 30

July 10 Paid the $1 cash dividend.

Dec.1 Issued2,000 additional shares of common stock for $19 per share.

15 Declared a cash dividend on outstanding shares of $1.2 per share to stockholders of record on December 31.