Jan. $9$ Split the common stock $3$ for $1$ and reduced the par from $$75$ to $$25$ per share. After the split, there

were $1,200,000$ common shares outstanding.

Feb. $28$ Purchased $40,000$ shares of the corporation's own common stock at $$28,$ recording the stock at cost$.$

May $1$ Declared semiannual dividends of $$0\mathrm{.}80$ on $75,000$ shares of preferred stock and $$0\mathrm{.}12$ on the common

stock to stockholders of record on June $1,$ payable on July $10.$

Jul. $10$ Paid the cash dividends.

Sep. $7$ Sold $30,000$ shares of treasury stock at $$34,$ receiving cash.

Oct. $1$ Declared semiannual dividends of $$0\mathrm{.}80$ on the preferred stock and $$0\mathrm{.}12$ on the common stock $($before

the stock dividend$).$ In addition, a $2\%$ common stock dividend was declared on the common stock

outstanding. The fair market value of the common stock is estimated at $$36.$