accordance with preliminary negotiations by the issuance of 27,400 shares of Common stock. The plan was approved by the stockholders and accomplished by the following transactions: Mar. 8. Borrowed $4,500,000 from Conrad National Bank, giving a 6% mortgage note. 13. Issued 20,000 shares of Preferred stock, receiving $130 per share in cash. 26. Issued 27,400 shares of Common stock in exchange for land and a building, according to the plan. No other expansion-related transactions occurred during March. Instructions: F