On January1 Teeter Corporation had 75000 shares of no par common stock issued and outstanding. The stock has a stated value $6 per share. During the year, the following transaction occured.

Apr 1 Issued 8000 additional shares of common stock for $10 per share.

June 15 Declared a cash dividend of $2 per share to stockholders of record on June 30.

July 10 Paid the $2. cash dividend.

Dec 1 Issued 3000 additional shares of commin stock for $12 per share.

Dec 15 Declared a cash dividend on outstanding shares of $2.10 per share to stockholders of revord on December 31.

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