Ting Stock Professional Products Inc., a wholesaler of office products, was organized on February 5 of the current year, with an authorization of 50,000 shares of preferred 3% stock, $70 par and 350,000 share of $30 sar common stock. The following selected transactions were completed during the first year of eperations at the transactions Feb. 5. T 140,000 shares of commen stack par for cash 7663 88 88 Apr. 9 7,500 shares of common stack in change Apr. V. June 14, 18.000 shares if preferred stock at $78 cas June 14 88 les for organizing the c ices of $64,000, 348,000, and $78,000, respectively.