At the end of the year, the records of NCIS Corporation provided the following selected and incomplete data: Common stock ($10 par value); no changes in account during the year. Shares authorized: 200,000. Shares issued: (all shares were issued at $17 per share; $2,125,000 total cash collected). Treasury stock: 3,000 shares (repurchased at $20 per share). The treasury stock was acquired after a stock split was announced. Net income: $240,340. Dividends declared and paid: $123,220. Retained earnings beginning balance: $555,000.