Question 7 of 7 View Policies Current Attempt in Progress -/2 E On January 1, Staley Corporation had 90,000 shares of no-par common stock issued. 5,000 shares are held as treasury stock. The stock has a stated value of $5 per share. During the year, the following transactions occurred. Apr. 1 Issued 12,000 additional shares of common stock for $18 per share. June 15 Declared a cash dividend of $1 per share to stockholders of record on June 30. July 10 Dec. 1 Dec. 15 Paid the $1 cash dividend. Purchased 7.000 additional shares of treasury stock for $17 per share. Declared a cash dividend on outstanding shares of $1.20 per share to stockholder of record on December 31. (a)