The following selected transactions occurred during the year: Feb. 11 Issued 57,000 commen shares at $20 per share. Mar. 2 Reaceuired 20,900 common shares at $22 par share. June 14 Split the common shares 2 for 1 when the common shares were trading at $30 per share July 25 Reacauired 520 preferred shares at $70 per share Sept. 16 Reacauired 57,000 common shares for $17 per share. Oet. 27 Declared a 5\% commen stock dividend distributable on December 13 to shareholders of record on November 24. The fairvalue of the Dec. 13 Distributed the stock dividend declared on Octaber 27 . The fair value of the cammon shares on December 13 was $21 per share