Stock transaction for corporate expansion Pulsar Optics produces medical lasers for use in hospitals. The accounts and their balances appear in the ledger of Pulsar Optics on April 30 of the current year as follows: following transactions: Oct. 9. Borrowed $4,800,000 from St. Peter City Bank, giving a 4% mortgage note. Oct. 17. Issued 65,000 shares of preferred stock, receiving $55 per share in cash. Oct. 28. Issued 80,000 shares of common stock in exchange for land and a building, according to the plan