par value common stock

Aspen Industries became a corporation in the state of Colorado on March 23, 2009. The company was authorized to issue 1 million shares of $6 par value common stock. Since the date of incorporation, Aspen Industries has entered into the following transactions that affected contributed and earned capital:
1. On March 23, 2009, the company issued 50,000 shares of common stock in exchange for $15 per share.
2. On December 5, 2009, the company issued a 10 percent stock dividend. The market value of the stock is $18 per share.
3. On May 6, 2010, the company issued 60,000 shares of common stock in exchange for $22 per share.
4. On September 24, 2010, the company repurchased 15,000 shares of its own stock for $25 per share.
5. On December 1, 2010, the company reissued 5,000 shares held in treasury for $27 per share.
6. On February 14, 2011, the company declared a