13 Sold 80,000 of its common shares and 4,000 preferred shares for a total of 5945,000. February 13 Cash Common stock (80,000 shares x 1 par) Paid-in-capital excess of par, common Preferred stock (4,000 shares x 50 pal) Paid-in-capital excess of par, preferred 945,000 80,000 640,000 200,000 25,000