100 QUESTION 3.3 (18 marks) Samana Corp.issued 2,000 common shares and 400 preferred shares to an investor for $72,000 cash. BUSI 3423 Intermediate Accounting II - Liabilities and Equities YORKVILLE UNIVERSITY WWW.YORKVILLEU.CA Required a. Prepare the journal entry for the issuance, assuming the par value of the common shares was $5 and the market value was $30, and the par value of the preferred shares was $40 and the market value was $50. b. Prepare the journal entry for the issuance, assuming the same facts as a), except the preferred shares have no ready market and the common shares have a market value of $ 24 QUESTION 3.4