Selected transactions completed by Romney Circus Supplies Corporation during the current fiscal year are as follows: Jan. 6. Split the common stock 3 for 1 and reduced the par from $120 to $40 per share. After the split, there were 225,000 common shares outstanding. Mar. 13. Purchased 9,500 shares of the corporation's own common stock at $45, recording the stock at cost. May 1. Declared semiannual dividends of $2.50 on 22,000 shares of preferred stock and $0.80 on the common stock to stockholders of record on May 20, payable on June 1. June 1. Paid the cash dividends. Sept. 17. Sold 3,000 shares of treasury stock at $50, receiving cash. Nov. 2. Declared semiannual dividends of $2.50 on the preferred stock and $0.80 on the common stock (before the stock dividend). In addition, a 3% common stock dividend was declared on the common stock outstanding. The fair market value of the common stock is estimated at $42. Dec. 3. Paid the cash dividends and issued the certificates for the common stock dividend