Albert Anderson, Brenda Balbuena and Cindy Chang are the stockholders of Dart Incorporated. The charter of the corporation authorized 500,000 shares of $5 par common stock, and 100,000 shares of $30 par, 3%, preferred stock. As of January 1, 2021, there were 22,000 shares of common stock issued and outstanding and 4,000 shares of preferred stock issued and outstanding. Selected transactions completed by Dart Incorporated during the fiscal year-ending December 31, 2021, are as follows: Jan 1 Issued 13,000 shares of $5 par common stock at $19, receiving cash.