Skysong Company reported the following amounts in the stockholders' equity section of its December 31, 2024, balance sheet. Preferred stock, 10%, $100 par (10,000 shares authorized, 1,800 shares issued) Common stock, $5 par (93,000 shares authorized, 18,600 shares issued) Additional paid-in capital Retained earnings Total During 2025, Skysong took part in the following transactions concerning stockholders' equity. Paid the annual 2024 $10 per share dividend on preferred stock and a $2 per share dividend on common stock. These dividends had been declared on December 31, 2024. 1. 2. 3. 4. 5. $180,000 93,000 130,000 467,000 $870,000 6. 7. Purchased 1,500 shares of its own outstanding common stock for $41 per share. Skysong uses the cost method. Reissued 800 treasury shares for land valued at $35,600. Issued 550 shares of preferred stock at $104 per share. Declared a 10% stock dividend on the outstanding common stock when the stock is selling for $46 per share. Issued the stock dividend. Declared the annual 2025 $10 per share dividend on preferred stock and the $2 per share dividend on common stock. These dividends are payable in 2026.