On January 1, Tellier Corporation had 62,100 shares of no-par common stock issued and outstanding. The stock has a stated value of $4 per share. During the year, the following transactions occurred.
| Apr. 1 |
|
Issued 21,330 additional shares of common stock for $12 per share. |
| June 15 |
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Declared a cash dividend of $1.70 per share to stockholders of record on June 30. |
| July 10 |
|
Paid the $1.70 cash dividend. |
| Dec. 1 |
|
Issued 6,080 additional shares of common stock for $11 per share. |
| Dec. 15 |
|
Declared a cash dividend on outstanding shares of $2.20 per share to stockholders of record on December 31 |