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2. The Mighty Monarch Butterfly Supplies issued stock twice during 2020: 5,000 shares of 2% Preferred stock with a par value of $100 15,000

2. The Mighty Monarch Butterfly Supplies issued stock twice during 2020: 5,000 shares of 2% Preferred stock with a par value of $100 15,000 shares of common stock whose issuance price was $10 and par value was $1 What is the total additional-paid-in-capital Monarch will recognize from these two stock issuances? a. $135,000 b. $150,000 c. $650,000 d. $635,000

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