Issued 4,300 shares of $4 par value common stock to attorneys in payment of a bill for $22,300 for services performed in helping the company to incorporate. Issued 59,300 shares of $4 par value common stock for cash of $321,900. Issued 2,325 shares of $100 par value preferred stock for cash at $130 per share. Purchased 3,370 shares of treasury stock for $81,000