Sun Corporation received a charter that authorized the issuance of 89,000 shares of $6 par common stock and 19,000 shares of $100 par, 4 percent cumulative preferred stock. Sun Corporation completed the following transactions during its first two years of operation:

2018

Jan.	5		Sold 13,350 shares of the $6 par common stock for $8 per share.
	12		Sold 1,900 shares of the 4 percent preferred stock for $110 per share.
Apr.	5		Sold 17,800 shares of the $6 par common stock for $10 per share.
Dec.	31		During the year, earned $306,300 in cash revenue and paid $240,200 for cash operating expenses.
	31		Declared the cash dividend on the outstanding shares of preferred stock for 2018. The dividend will be paid on February 15 to stockholders of record on January 10, 2019.

2019

Feb.	15		Paid the cash dividend declared on December 31, 2018.
Mar.	3		Sold 2,850 shares of the $100 par preferred stock for $120 per share.
May.	5		Purchased 500 shares of the common stock as treasury stock at $12 per share.
Dec.	31		During the year, earned $251,700 in cash revenues and paid $173,700 for cash operating expenses.
	31		Declared the annual dividend on the preferred stock and a $0.25 per share dividend on the common stock.

Sun Corporation Accounting Equation Stockholders' Equity Event Assest = Liabilities Cash Dividends Payable Preferred Stock Common Stock Paid-in Paid-in Capital in Capital in + Excess of + Excess of Preferred Common Stock Stock Treasury Stock Retained Earnings Accounts Titles for Retained Earnings 2018 Jan.5 + + + + + Jan. 12 Apr. 5 + + Dec. 31 + + + + = + + + + Dec. 31 Dec. 31 + + + + + Bal. 0 = 0 + 0 + 0 + 0 + 0 0 + 0 +1 + 2019 Feb. 15 Mar 3 May 5 Dec. 31 Dec. 31 Dec. 31 + + + + + + + + + + + + + + Bal. 0 = 0 + 0 + 0 + 0 + 0 0 + 0