Protessional Products Inc, a wholecaler of office products, was organized on Febrwary 5 st the current yeac, weh an autherization of 50,600 sheres of prefetred 3% stock, 555 par and 650,000 shares of $15 zar commen stock. The following selected transactions were comploted dising the first year of operations Soumaitze the transactions. If an amount box dons not require an entry, leave it blank. Feb. 5. 1swued 85,000 shares of comnton stock at par for cach. Feb. 5 . Feb. 5. Issued 600 shares of common stock at par to an attomey in payment of legul fees for erganizing the corporation. Apr. 9. Iswued 25,500 stares of common stock in exchenge for land, buildingw, and equpment with far market prices of $70,000,5380,050, and 385,500, respectively. Mp. June 14. Issued 39,000 shares of preterred stock at $65 for costh