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STATED VALUE, COMMON AND PREFERRED STOCK, AND NONCASH ASSETS Kris Kraft Stores had the following stock transactions during the year: (a) Issued 8,000 shares of no-par common stock with a stated value of $5 per share for $40,000 cash. (b) Issued 6,000 shares of no-par common stock with a stated value of $5 per share for $33,000 cash. continued)