Quay Co. had the following transactions during the current period. Mar. 2 Issued 4,900 shares of $5 par value common stock to attorneys in payment of a bill for $30,400 for services performed in helping the company to incorporate. June 12 Issued 59,500 shares of $5 par value common stock for cash of $362,500. July 11 Issued 2,500 shares of $120 par value preferred stock for cash at $140 per share. Nov. 28 Purchased 2,290 shares of treasury stock for $76,000.