On January 1,2018, Ceradyne Corporation had 75,000 common shares, recorded at $ 560,000, and retained earnings of$1,021,000. During the year, the following transactions occurred Apr. 2 ssued 4,500 common shares at $ 20 per share. June 15 Declared a cash dividend of $0.15 per share to common shareholders of record on June 30, payable on July 10. Aug. 21 Declared a 5% stock dividend to common shareholders of record on September 5, distributable on September 20.The shares were trading for $ 23 a share on August 21, $24 on September 5, and $ 26 on September 20 Issued 3,100 common shares at $24 per share. Declared a cash dividend of $ 0.20 per share to common shareholders of record on December 31, payable on January 10 Nov. 1 Dec. 20 Date Account Titles and Explanation Debit Credit