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On February 1 2 , Quality Carpet Inc., a carpet wholesaler, issued for cash 3 1 5 , 0 0 0 shares of no -

On February 12, Quality Carpet Inc., a carpet wholesaler, issued for cash 315,000 shares of no-par common stock (with a stated value of $2) at $8, and on August 3, it issued for cash 10,000 shares of $60 par preferred stock at $66.

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