cheville corporation obtained its chart from state in january that in that authorized 500,000 shares of common stock , $1 per value. During the first year, the company earned $59,000 and declared no dividends the following selected transactions occurred in the order given. a. issued 210,000 shares of the common stock at $24 cash per share. b. Reacquired 5,100 at $25 cash per share to use as stock incentives for senior manement