The stockholders equity accounts of Miley Corporation on January 1, 2014, were as follows. Preferred Stock (7%, $100 par noncumulative, 5,000 shares authorized) = $300,000 Common Stock ($4 stated value, 300,000 shares authorized) =1,000,000 Paid-in Capital in Excess of Par Value Preferred Stock) =15,000 Paid-in Capital in Excess of Stated Value Common Stock = 480,000 Retained Earnings =710,000 Treasury Stock (5,000 common shares) = 40,000 During 2014, the corporation had the following transactions and events pertaining to its stockholders equity. Feb. 1 Issued 5,000 shares of common stock for $30,000. Mar. 20 Purchased 1,000 additional shares of common treasury stock at $7 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 $0.50 per share cash dividend to common stockholders of record on December 15, payable December 31, 2014. Dec. 31 Determined that net income for the year was $280,000. Paid the dividend declared on December 1. I am trying to perform a tabular summary with beginning balances on Jan 1 2014 and am confused with the calculations