Prepare a stockholders equity section of the balance sheet using the information below:
- March 1: issues 49,000 shares at $1 par value for $46 per share
- May 10: repurchases 4,400 shares of treasury stock for $49 per share
- June 1: declares a cash dividend of $1.20 per share to stockholders as of June 15
- July 1: pays the cash dividend
- October 21: reissues 2,200 shares of treasury stock bought on May 10 for $54 per share