Selected transactions completed by Canyon Ferry Boating Corporation during the current fiscal year are as follows: Jan. Apr. Jul. Oct. 8 Split the common stock 2 for 1 and reduced the par from $70 to $35 per share. After the split, there were 153,000 common shares outstanding. Declared semiannual dividends of $0.65 per share on 20,000 shares of preferred stock and $0.22 per share on the common stock payable on July 1. Paid the cash dividends. 30 1 31 Dec. 31 Declared semiannual dividends of $0.65 per share on the preferred stock and $0.13 per share on the common stock (before the stock dividend). In addition, a 2% common stock dividend was declared on the common stock outstanding. The fair market value of the common stock is estimated at $55. Paid the cash dividends and issued the certificates for the common stock dividend.

Selected transactions completed by Canyon Ferry Boating Corporation during the current fiscal year are as follows: Jan. 8 Split the common stock 2 for 1 and reduced the par from $70 to $35 per share. After the split, there were 153,000 common shares outstanding. Apr. 30 Declared semiannual dividends of $0.65 per share on 20,000 shares of preferred stock and $0.22 per share on the common stock payable on July 1. Jul. 1 Paid the cash dividends. Oct. 31 Declared semiannual dividends of $0.65 per share on the preterred stock and $0.13 per share on the common stock (before the stock dividend). In addition, a 2% common stock dividend was deciared on the common stock outstanding. The fair market value of the common stock is estimated at \$55. Dec. 31 Paid the cash dividends and issued the certificates for the common stock dividend