vander corporation reports the following components of stockholders' equity on december 31, 2015

common stock-$25 par value, 50,000 shares authorized

30,000 shares issued and outstanding...........................................................................$ 750,000

paid-in capital in excess of par value, common stock ..........................................................50,000

retained earnings .................................................................................................................340,000

total stockholders' equity ....................................................................................................$1,140,000

In year 2016, the following transactions affected its stockholders' equity accounts.

1/2: purchased 3,000 shares of its own stock at $25 cash per share.

1/7: directors declared a $1.50 per share cash dividend payable on 2/28 to the 2/9 stockholders of record

2/28: paid the dividend declared on 1/7.

7/9: sold 1,200 of its treasury shares at $30 cash per share.

8/27: sold 1,500 of its treasury shares at $20 cash per share.

9/9: directors declared a $2 per share cash dividend payable on october 22 to the september 23 stockholders of record.

10/22: paid the dividend declared on september 9.

12/31: closed the $52,000 credit balance (from net income) in the income summary account to retained earnings.