On January 1, 2020,NashIndustries had stock outstanding as follows.

6% Cumulative preferred stock, $100par value,issued and outstanding10,800shares: $1,080,000

Common stock, $10par value, issued and outstanding194,000shares: 1,940,000

To acquire the net assets of three smaller companies,Nashauthorized the issuance of an additional160,800common shares. The acquisitions took place as shown below.