Required information [The following information applies to the questions displayed below.] Refer to the following transactions. a. Issued 510 shares of $80 par value preferred stock at par. b. Issued 640 shares of $80 par value preferred stock in exchange for land that had an appraised value of $81,600. c. Issued 22,000 shares of $4 par value common stock for $10 per share. d. Purchased 4,410 shares of common stock for the treasury at $10 per share. e. Sold 2,200 shares of the treasury stock purchased in transaction d for $12 per share. f. Declared a cash dividend of $1.95 per share on the preferred stock outstanding, to be paid early next year. g. Declared and issued an 3% stock dividend on the common stock when the market price per share of common stock was $12. \begin{tabular}{|l|l|l|l|l|} \hline 7 & g. & Retained earnings & 7,920 \\ \hline & Common stock & Additional paid-in capital \\ \hline & & A & \\ \hline \end{tabular}