On January 1 , Pronghorn Corp had 62,200 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 14,850 additional shares of common stock for $13 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 6,600 additional shares of common stock for $11 per share. Dec. 15 Declared a cash dividend on outstanding shares of $1.70 per share to stockholders of record on December 31