The stockholders' equity for December 31, 2008, follows:

- Common stock, $5 par value, 350,000 shares authorized;150,000 shares issued and outstanding $750,000
- Paid-in capital in excess of par value 600,000
- Retained earnings 346,000

During 2009, the following transactions occurred:
- Jan. 5 Issued 10,000 shares of common stock for $12 cash per share.
- Jan. 18 Purchased 4,000 shares of common stock for the treasury at $14 cash per share.
- Mar. 12 Sold one-fourth of the treasury shares acquired January 18 for $17 cash per share.
- July 17 Sold 500 shares of the remaining treasury stock for $13 cash per share.
- Oct. 1 Issued 5,000 shares of 8%, $25 par value preferred stock for $35 cash per share. This is the first issuance of preferred shares from the 50,000 authorized shares.

Paid-in capital
8% Preferred stock, $25 par value, 50,000 shares authorized, 5,000 shares issued and outstanding ----

Common stock, $5 par value, 350,000 shares authorized; 160,000 shares
issued----

Additional paid-in capital
Paid-in capital in excess of par value-preferred stock ----

Paid-in capital in excess of par value-common stock ----

Paid-in capital from treasury stock ----

Total paid-in capital ----

Retained earnings ------

Less: Treasury stock (2,500 shares) at cost -----

Total Stockholders' Equity-----