2 A company has 500 shares of $50 par value preferred stock outstanding and the call price of its preferred stock is $60 per share. It also has 20,000 shares of ommon stock outstanding and the total value of its stockholders' equity is $680,000. The book value per common share equals: A 300 00 533 17 D $32.75 E831 71 A Corporation issued 5,000 shares of $10 par value common stock in exchange for some land with a market value of $80,000. The entry to record this exchange is: A Common Stock Contributed Capital in Excess of Par 50,000 10.000 Land 60,000 B. Land 60,000 Common Stock Contributed Capital in Excess of Par 50,000 10,000 C. Land 60,000 Common Stock 60,000 D. Common Stocik 60.000 Land 60.000 E. Land 60,000 Common Stock 0,000