Record transfer of net loss to retained earnings.

Record transfer of net income to retained earnings.

Record repurchase of shares for retirement.

Record declaration of cash dividend.

Record payment of cash dividend.

Record transfer of net income to retained earnings.

Record issue of stock dividend.

Record declaration of cash dividend.

Record payment of cash dividend.

At December 31, 2015, common shares consisted of the following: Common stock, 1,790,000 shares at $i par $ 1,790,000 Paid-in capital-excess of par 12,530,000