PR 13-2A Stock transactions for corporate expansion On December 1 of the current year, the following accounts and their balances appear in the ledger of Latte Corp., a coffee processor: OBJ. 3 Preferred 2% Stock, $50 par (250,000 shares authorized, Paid-In Capital in Excess of Par-Preferred Stock . . . . . . . . . . . . . . . . . . . . . . Common Stock, $35 par (1,000,000 shares authorized, 560,000 14,000,000 ..1,200,000 180,000,000 Paid-In Capital in Excess of Par-Common Stock At the annual stockholders' meeting on March 31, the board of directors presented a plan for modernizing and expanding plant operations at a cost of approximately $11,000,000. (Continued)