=+EX 13-5 Issuing stock for assets other than cash obj. 3 Rocky Mountain Sounds Corp., an electric guitar retailer, was organized by Cathy Dewitt, Melody Leimbach, and Mario Torres. The charter authorized 250,000 shares of common stock with a par of $40. The following transactions affecting stockholders’ equity were completed during the first year of operations:

a. Issued 10,000 shares of stock at par to Cathy Dewitt for cash.