The stockholders' equity accounts of Bramble Corp. on January 1, 2017, were as follows. Preferred Stock (796, $100 par noncumulative, 4,200 shares authorized) Common Stock ($5 stated value, 300,000 shares authorized) Paid-in Capital in Excess of Par Value-Preferred Stock Paid-in Capital in Excess of Stated Value-Common Stock Retained Earnings Treasury Stock (4,200 common shares) $252,000 1,250,000 12,600 480,000 688,500 33,600 During 2017, the corporation had the following transactions and events pertaining to its stockholders' equity Feb. 1 Issued 4,730 shares of common stock for $33,110 Mar. 20 Purchased 1,050 additional shares of common treasury stock at $8 per share. Oct. 1 Declared a 7% cash dividend on preferred stock, payable November 1. Nov. 1 Paid the dividend declared on October 1. Dec. 1 Declared a $0.40 per share cash dividend to common stockholders of record on December 15, payable December 31, 2017. Dec. 31 Determined that net income for the year was $283,900. Paid the dividend declared on December 1