Finishing touches has two classes of stock authorized 8%. $10 par preferred, and $1 par value common. The following transactions affect stockholders equity during 2021, its first year of operations January 2 Issues 180,000 shares of common stock for $35 per share. February 6 Issues 3,000 shares of 8% preferred stock for $11 per share. September 10 Purchases 11,000 shares of its own common stock for $40 per share. December 15 Resells 5.50 shares of treasury stock at 345 per share