Stockholders' Equity; Iransactions and Balance Sheet Presentation During the year, the following transactions occurred: July is issued 3.200 shares of preferied stock in exchange for equipment with a fair market value of $128000. Now 15 Sold 1,000 of the treasiry shares acqured onjanuary 23 for $24 per share. Deci3) Clored the net income of $59000 to the Hetained Earnings account. B Unit 9-Chn 10 Assioned Problems Stockholders' Equity; Iransactions and Balance Sheet Presentation During the year, the following transactions occurred: July is issued 3.200 shares of preferied stock in exchange for equipment with a fair market value of $128000. Now 15 Sold 1,000 of the treasiry shares acqured onjanuary 23 for $24 per share. Deci3) Clored the net income of $59000 to the Hetained Earnings account. B Unit 9-Chn 10 Assioned Problems