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A corporation issued 3,000 shares of $10 par value common stock for $36,000 cash. A corporation issued 1,500 shares of no-par common stock to its

  1. A corporation issued 3,000 shares of $10 par value common stock for $36,000 cash.
  2. A corporation issued 1,500 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $40,500. The stock has a $3 per share stated value.
  3. A corporation issued 1,500 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $40,500. The stock has no stated value.
  4. A corporation issued 750 shares of $75 par value preferred stock for $96,750 cash.

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