va School of Learning obtained a charter at the start of the year that authorized 50,000 shares of no-par common stock and 20,000 shares of preferred stock, par value $10. During the year, the following selected transactions occurred: Collected $33 cash per share from four individuals and issued 4,300 shares of common stock to each. Issued 5,300 shares of common stock to an outside investor at $33 cash per share. Issued 7,300 shares of preferred stock at