E12-2 Garza Co. had the following transactions during the current period. March 2 Issued 5,000 shares of $1 par value common stock to attorneys in payment in bill for $30,000 for services provided in helping the company to incorporate. June 12 Issued 60,000 shares of $1 per value common stock for cash $375,000. July 11 Issued 1,000 shares of $100 par value preferred stock for cash at $110 per share. Nov. 28 Purchased 2,000 shares of treasury stock for $80,000.