Stockholders' Equity: Transactions and Balance Sheet Presentation The stockholders' equity accounts of Windham Corporation at January 1 appear below: During the year, the following transactions occurred: Jan. 10 Issued 28,000 shares of common stock for $17 cash per share. Jan. 23 Purchased 8,000 shares of common stock as treasury stock at $19 per share. Mar. 14 Sold one-half of the treasury shares acquired January 23 for $21 per share. July. 15 Issued 3,200 shares of preferred stock in exchange for equipment with a fair market value of $128,000. Nov. 15 Sold 1,000 of the treasury shares acquired on January 23 for $24 per share. Dec. 31 Closed the net income of $59,000 to the Retained Earnings account