The stockholders’ equity section of Stuffgoose Corporation’s balance sheet as of December 31, 2017 is as follows: Stockholders’ Equity Common stock, $6 par value; authorized, 3,000,000 shares; issued, 600,000 shares $3,600,000 Paid-in capital in excess of par 940,000 Retained earnings 5,400,000 $9,940,000 The following events occurred during 2018:
1. Jan. 5 45,000 shares of authorized and unissued common stock were sold for $13 per share.
2. Jan. 16 Declared a cash dividend of 17 cents per share, payable February 15 to stock-holders of record on February 5.
3. Feb. 10 60,000 shares of authorized and unissued common stock were sold for $12 per share.
4. March 1 A 30% stock dividend was declared and issued. Fair value per share is currently $18.
5. April 1 A three-for-one split was carried out. Fair value on March 31 was $18 per share.
6. July 1 A 15% stock dividend was declared and issued. Fair value is currently $10 per share.
7. Aug. 1 A cash dividend of 20 cents per share was declared, payable September 1 to stockholders of record on August 21.