=+PR 13-2B Stock transactions for corporate expansion obj. 3 The following selected accounts appear in the ledger of Okie Environmental Corporation on August 1, 2010, the beginning of the current fiscal year:

Preferred 2% Stock, $50 par (40,000 shares authorized, 20,000 shares issued) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $1,000,000 Paid-In Capital in Excess of Par—Preferred Stock . . . . . . . . . . . . 100,000 Common Stock, $75 par (100,000 shares authorized, 40,000 shares issued) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3,000,000 Paid-In Capital in Excess of Par—Common Stock . . . . . . . . . . . . 150,000 Retained Earnings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8,170,000 During the year, the corporation completed a number of transactions affecting the stockholders’ equity. They are summarized as follows: