P10-6A Major League Apparel has two classes of stock authorized: 6%, $10 par preferred, and $1 par value common. The following transactions affect stockholders' equity during 2021, its first year of operations: 2 January February 14 8 May May 31 Issue 110,000 shares of common stock for $70 per share. Issue 60,000 shares of preferred stock for $12 per share. Purchase 11,000 shares of its own common stock for $60 per share. Resell 5,500 shares of treasury stock for $65 per share.