On January 1, Sheridan company had 56,100 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.

April 1 - Issued 9,700 additional shares of common stock for $11 per share.

June 15 - declared a cash dividend of $1.40 per share to stockholders of record on June 30.

July 10 - paid the $1.40 cash dividend.

Dec 1 - Issued 4,100 additional shares of common stock for $12 per share.

Dec 15 - declared a cash dividend on outstanding shares of $1.50 per share to stockholders of record on Dec 31.