1) If a firm issues an IPO (Initial Public Offering) of 100 shares with the par value of $1.00. The Market price is $24. A 00. Then find the amount common stock at par and additional paid in Capital (APIC) respectively? A) $22 and $100 B) $100 and 2,300 C) $2,200 and $100 D) $100 and $2,100 E) None of the above 2) Consider the following data for the end of December 31, 2013, and find the amount of payables? Back Loans: 2M Accrued Wages and Taxes: $3M Other Current Liabilities: $0 Long-term debt: $11M Total Debt: $22M A) $5M B) $6M C) $7M D) $8M E) $9M IF