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Cash
July 29. Sold 19,000 shares of treasury stock at $48, receiving cash. Date Account July 29. Cash Treasury Stock Paid-In Capital from Sale of Treasury Stock Nov. 15. Declared semiannual dividends of $2.3 on the preferred stock and $0.26 on the common stock (before the stock dividend). Account Date Cash Dividends Cash Dividends Payable Nov. 15. A 2% common stock dividend was declared on the common stock outstanding. The fair market value of the common stock is estimated at $50.