On January 1, 2017, the company was formed and was authorized to issue of 15000 shares of $10 par value preferred stock and 40000 shares of $1 par value common stock

• On January 2, 2017, 20000 shares are sold on the open market at $20 per share
• On January 2 2017, 6000 shares of preferred stock are sold for cash at $9 per share
• On July 2, 2017 company purchases 1,250 shares of the common stock outstanding at $15 per share
• On august 1, 2017 the company sells 220 shares of treasury stock at $17 per share
• On sept 1, 20117, the company sells 500 shares of treasury stock at 12 per share