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McVie Corporation's stock has a par value of 52 . The company has the following transactions during the year: Feb. 28 Issued 270,000 shares at

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McVie Corporation's stock has a par value of 52 . The company has the following transactions during the year: Feb. 28 Issued 270,000 shares at $6 per share. Jun. 7 1ssued 90,000 shares in exchange for equipment with a clearly determined value of $198,000 : Sep. 19 Purchased 2,700 shares of treasury stock at $6 per share

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