Preferred 1% Stock, $50 par (100,000 shares authorized, 79,600 shares issued)	$3,980,000
Paid-In Capital in Excess of ParPreferred Stock	159,200
Common Stock, $3 par (5,000,000 shares authorized, 1,870,000 shares issued)	5,610,000
Paid-In Capital in Excess of ParCommon Stock	1,215,500
Retained Earnings	31,497,000

During the year, the corporation completed a number of transactions affecting the stockholders equity. They are summarized as follows:

Jan.	5	Issued 532,900 shares of common stock at $9, receiving cash.
Feb.	10	Issued 11,000 shares of preferred 1% stock at $58.
Mar.	19	Purchased 45,400 shares of treasury common for $8 per share.
May	16	Sold 21,400 shares of treasury common for $10 per share.
Aug.	25	Sold 4,300 shares of treasury common for $7 per share.
Dec.	6	Declared cash dividends of $0.50 per share on preferred stock and $0.07 per share on common stock.
	31	Paid the cash dividends.