25 Question 4 5 pts On April 23, 2020, Dupree Company issues 500 shares of $100 par preferred stock and 3,000 shares of $10 par common stock in a "package" sale. Total proceeds received from the sale amount to $120,000. If the market value of the preferred stock is unknown and the market value of the common stock on the date of the sale is $17 per share, which of the following is TRUE? The Common Stock account will increase by $51,000. O The Additional Paid-In Capital - Preferred Stock account will increase by $19,000. O The Preferred Stock account will increase by $69,000. O There is no change in total equity as a result of this transaction. O NONE of the other answers are correct

Question 4 5 pts On April 23, 2020, Dupree Company issues $00 shares of $100 par preferred stock and 3.000 shares of $10 par common stock in a "package" sale. Total proceeds received from the sale amount to $120,000. If the market value of the preferred stock is unknown and the market value of the common stock on the date of the sale is $17 per share, which of the following is TRUE? The Common Stock account will increase by $1,000. The Additional Paid-In Capital - Preferred Stock account will increase by $19.000. The Preferred Stock account will increase by $69,000. There is no change in total equity as a result of this transaction. NONE of the other answers are correct