Line Item DescriptionAmountCommon Stock, $$10$ stated value $(600,000$ shares authorized, $400,000$ shares issued$)$$$4,000,000$Paid$-$In Capital in Excess of Stated Value$-$Common Stock$750,000$Retained Earnings$9,080,000$Treasury Stock $(40,000$ shares, at cost$)560,000$

The following selected transactions occurred during the year:

DateTransactionJan. $15.$Paid cash dividends of $$0\mathrm{.}14$ per share on the common stock. The dividend had been properly recorded when declared on December $1$ of the preceding fiscal year for $$50,400.$Mar. $15.$Sold all of the treasury stock for $$17$ per share.Apr. $13.$Issued $75,000$ shares of common stock for $$16$ per share.June $14.$Declared a $4\%$ stock dividend on common stock, to be capitalized at the market price of the stock, which is $$18$ per share.July $16.$Issued stock for the stock dividend declared on June $14.$Oct. $30.$Purchased $25,000$ shares of treasury stock for $$19$ per share.Dec. $30.$Declared a $$0\mathrm{.}17-$per$-$share dividend on common stock.