Corporation issued common stock to shareholders of 10,000 shares par $ 3.00, and received cash of $45,000.

Corporation issued cumulative preferred stock of 5,000 shares par $ 7.00 at 5%, and issued it at a market value of $ 10 per share

Corporation issued 2,000 shares of common stock for a patent fair value of $ 100,000. The par of the common stock was $ 3.00

Corporation issued 1,000 shares of common stock for equipment. Par of stock was 3.00. Market value on date of transaction was $ 7.00. The fair value of the equipment was not known.

The corporation repurchased 2,000 shares of its own stock as Treasury stock under the cost method. The price of the stock at the time of the repurchase was $ 5.00 per share.

The corporation sold 700 shares of treasury stock at a cost of 7.00 per share.

The corporation sold 1,300 shares of treasury stock at a cost of 1.50 per share.

Do all of the transactions, and explain them. The treasury stock is done under the cost method. Also, tell me at the end, the balance of the following accounts: Common stock

Preferred stock

APIC Common

APIC Preferred

APIC Treasury stock

Retained Earnings.