A company sells common stock with a par value of $7 for $45. Which of the following is true? The $7 par will be shown on the balance sheet with the Common Stock account in stockholders' equity. The common stockholders are guaranteed to receive an annual dividend of at least $7 The transaction is illegal, because the company cannot sell the stock for more than the par value of $7. The common stock will be shown on the balance sheet at its market value in the future, which may be more or less than $45.