Finishing Touches has two classes of stock authorized: 7%, $10 par preferred, and $1 par value common. The following transactions affect stockholders equity during 2021, its first year of operations:

January		2		Issues 100,000 shares of common stock for $21 per share.
February		6		Issues 1,600 shares of 7% preferred stock for $13 per share.
September		10		Purchases 12,000 shares of its own common stock for $26 per share.
December		15		Resells 6,000 shares of treasury stock at $31 per share.

Finishing Touches has two classes of stock authorized: 7%, $10 par preferred, and $1 par value common. The following transactions affect stockholders' equity during 2021, its first year of operations: January 2 Issues 100,000 shares of common stock for $21 per share. February 6 Issues 1,600 shares of 7% preferred stock for $13 per share. September 10 Purchases 12,000 shares of its own common stock for $26 per share. December 15 Resells 6,000 shares of treasury stock at $31 per share