(1) (2) Issuance of bonds Payment of first semiannual interest on December 31, 2018, including the amortization of the premium or discount 4. A corporation was organized on January 30 of the current year, with an authorization of 20,000 shares of 1% preferred stock, 512 par, and 100,000 shares of $3 par common stock. The following selected transactions were completed during the first year of operations Jan. 30 Issued 15,000 shares of common stock at $21 per share for cash. 31 Issued 1.100 shares of common stock at par to an attorney in payment of legal fees for organizing the corporation Feb. 24 Issued 20,000 shares of common stock in exchange for land, buildings, and equipment with fair market prices of $55,000 $120,000, and $45,000 respectively Mar 15 Issued 2,000 shares of preferred stock at $54 for cash. Journalire these transactions corporation purchased for cash 5.000 shares of its own S10 par common stock for $125.000. In the following year, it sold 2.000 of the treasury shares for $56,000 cash