Date Description DR CR 5-Jan Cash 1,600,000

Date	Description		DR	CR
5-Jan	Cash		1,600,000
		Common Stock		1,250,000
		Paid in Capital in Excess of Par-Common Stock		350,000

1-Feb	Cash		1,012,500
		Preferred stock		937,500
		Paid in Capital in Excess of Par-Preferred stock		75,000

1-Jul	Treasury stock		185,000
		Cash		185,000

15-Nov	Cash Dividends		37,500
		Cash Dividends payable		37,500

29-Nov	No entry required

22-Nov	Stock Dividends		47,250
		Stock Dividends Distributable		33,750
		Paid in Capital in Excess of Par-Common Stock		13,500

6-Dec	No entry required

15-Dec	Cash Dividends Payable		37,500
		Cash		37,500

22-Dec	Stock Dividends Distributable		33,750
		Common Stock		33,750

31-Dec	Cash		97,500
		Treasury stock		92,500
		Paid in Capital from sale of Treasury stock		5,000

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