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Tamarisk Company reported the following amounts in the stockholders equity section of its December 31,2024, balance sheet.
Preferred stock, 11%, $100 par (10,000 shares authorized, 2,100 shares issued) $210,000
Common stock, $5 par (91,000 shares authorized, 18,200 shares issued)91,000
Additional paid-in capital 130,000
Retained earnings 448,000
Total $879,000
During 2025, Tamarisk took part in the following transactions concerning stockholders equity.
1. Paid the annual 2024 $11 per share dividend on preferred stock and a $2 per share dividend on common stock. These dividends had been declared on December 31,2024.
2. Purchased 1,800 shares of its own outstanding common stock for $43 per share. Tamarisk uses the cost method.
3. Reissued 800 treasury shares for land valued at $35,100.
4. Issued 540 shares of preferred stock at $107 per share.
5. Declared a10% stock dividend on the outstanding common stock when the stock is selling for $46 per share.
6. Issued the stock dividend.

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