2 of 2 Required information [The following information applies to the questions displayed below] Following are the issuances of stock transactions. 1. A corporation issued 7,000 shares of $30 par value common stock for $252,000 cash. 2. A corporation issued 3,500 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $38,500. The stock has a $1 per share stated value. 3. A corporation issued 3,500 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $38,500. The stock has no stated value. bok 4. A corporation issued 1,750 shares of $50 par value preferred stock for $126,000 cash. nt