The following selected accounts appear in the ledger of EJ Construction Inc. at the beginning of the current fiscal year:

Preferred 1% Stock, $50 par (100,000 shares authorized, 80,000 shares issued)	$4,000,000
Paid-In Capital in Excess of ParPreferred Stock	175,000
Common Stock, $3 par (5,000,000 shares authorized, 2,000,000 shares issued)	6,000,000
Paid-In Capital in Excess of ParCommon Stock	1,500,000
Retained Earnings	32,350,000

During the year, the corporation completed a number of transactions affecting the stockholders equity. They are summarized as follows:

Jan.	5	Issued 500,000 shares of common stock at $8, receiving cash.
Feb.	10	Issued 10,000 shares of preferred 1% stock at $60.
Mar.	19	Purchased 50,000 shares of treasury common for $7 per share.
May	16	Sold 20,000 shares of treasury common for $9 per share.
Aug.	25	Sold 5,000 shares of treasury common for $6 per share.
Dec.	6	Declared cash dividends of $0.50 per share on preferred stock and $0.08 per share on common stock.
	31	Paid the cash dividends. DATE DESCRIPTION POST. REF. DEBIT CREDIT 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18